Inflation is running much, much higher than the government lets on. Any Canadian can tell you that the price of beef is up over 300% and groceries overall about 100% since Trudeau took office. Things like tax and tuition are also running way over 10% per year. The average Canadian is pretty stupid but they all have to live within their means meaning that they all know their paycheck goes less far with every passing year. Every level of government in Canada is squeezing the electorate for more cash to pay for mass immigration and growing crime and homelessness. The government controls the media with bailouts so it is increasingly difficult for truth to reach Canadian eyes or ears.
It should be noted that the Bank of Canada uses the Canadian food guide for its trimmed/core/main Consumer Price Index - CPI which is used to measure inflation.
So now chicken, beef, milk and cheese can continue to appreciate in price by 10-20%/year and the CPI basket won't include any of it, just cheap carbs.
Soviet Union tier data manipulation. Amazing.
The government in canada stopped posting their numbers once the canada in collapse threads started keeping track of the real ones using actual photos from in the stores. You can verify this. It's both funny and saddening.
/CiC/ is the largest crowdsourced opensource investigation AND the most complete documentation of canadian in-store prices in their nations history.
Canadian inflation rose faster than expected in May across all eight major components, spiking the Loonie as it supports the BoC's view that 'the North' is emerging from its growth slowdown (and Poloz argument that rates will need to go higher).
The headline consumer price index jumped 2.4% from a year earlier, compared with 2% in April and versus a median economist forecast of 2.1%, Statistics Canada said Wednesday from Ottawa. It was the highest annual rate since October, boosted by increases in food and durable goods prices...
