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Inflation December 2021
January 21, 2022
8:31 am
Norman1
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savemoresaveoften said

I am with you. For what I consume, the price went up not down in December....  

That just means you missed out on the dip in December in the prices of things like gasoline; clothing and footwear; and alcohol & cannabis.

As the Globe & Mail article said, one needs to look beyond the headline and one or two categories. Statistics Canada Table 18-10-0004-01 has more detailed numbers.

January 21, 2022
10:18 am
TommyT
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Kidd said

Are you wanting controversy? There are definitely 2 trains of thought in this forum.

With mad cow being found yet again in canada, china, south Korea and the Philippines have stopped beef imports. This will create a surplus of beef which can't be sold, outside of canada. in an honest financial marketplace, the price of beef should be next to free.

The Americans have stopped importing pei potatoes, because the potatoes are covered in warts. Potatoes should be next to free.

Why aren't these lower prices being passed on to the Canadian consumer?

The feds believe a higher pump price (gas) will create a greener environment. WELL... with Vancouver paying $1.70 per litre vs Toronto's $1.46. Vancouver's air must be cleaner than Toronto's. Breathe deep Vancouver, enjoy the goodness given to you, by you paying so much.  

People in Toronto pay a fortune for car insurance so people in Toronto actually pay a lot more than anyone in British Columbia in yearly car expenses.

January 21, 2022
10:23 am
TommyT
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Kidd said

Are you wanting controversy? There are definitely 2 trains of thought in this forum.

With mad cow being found yet again in canada, china, south Korea and the Philippines have stopped beef imports. This will create a surplus of beef which can't be sold, outside of canada. in an honest financial marketplace, the price of beef should be next to free.

The Americans have stopped importing pei potatoes, because the potatoes are covered in warts. Potatoes should be next to free.

Why aren't these lower prices being passed on to the Canadian consumer?

The feds believe a higher pump price (gas) will create a greener environment. WELL... with Vancouver paying $1.70 per litre vs Toronto's $1.46. Vancouver's air must be cleaner than Toronto's. Breathe deep Vancouver, enjoy the goodness given to you, by you paying so much.  

People in Toronto pay a fortune for car insurance so people in Toronto actually pay a lot more than anyone in British Columbia in yearly car expenses.

Norman1 said
It still looks like it could be transitory.

If one puts the December CPI of 144.0 on the graph, one can see that prices fell in December:

2021DecCPI.PNG

Whatever was propelling prices along the red 6%-per-annum line since January 2021 had dissipated by August. Since August, prices have been climbing at a much more moderate rate, closer to the brown 2.6%-per-annum line.  

Inflation is falling because the plunge protection team in America has actually let the U.S. stock market fall at least somewhat since the end of November 2021.

January 22, 2022
7:22 am
Alexandre
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... you missed out on the dip in December in the prices of things like gasoline ...

Statistics Canada reported that the annual pace of inflation climbed at a rate that hasn't been seen in 30 years after rising in December to 4.8 per cent.

Here are some of the consumer items, based on data from Statistics Canada, which saw the largest year-over-year increases in prices between December 2020 and December 2021 (prices listed are from December 2021):

Regular, unleaded gasoline at self-service stations — 140 cents/litre (34.1 per cent)

Cooking or salad oil, one litre — $4.30 (41.4 per cent)

White sugar, two kilograms — $2.64 (21.6 per cent)

Stewing beef, one kilogram — $18.55 (17.2 per cent)

Sirloin steak, one kilogram — $25.94 (14.5 per cent)

Carrots, one kilogram — $2.43 (13.5 per cent)

Ketchup, one litre — $4.39 (11.1 per cent)

Instant coffee, 200 grams — $7.44 (10.4 per cent)

---------------

Avoid meat, fish, sugar, coffee, - and your grocery bill inflation index will be quite low, perhaps even 4.8%.

January 22, 2022
7:38 am
Alexandre
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In all fairness, not all grocery prices went up, some are surprisingly stable over the last year. My favorite tea, for example, same $5.49 price per pack in 2022 as in 2021.

Zero-percent-inflation.png

January 22, 2022
9:01 am
HermanH
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Alexandre said
In all fairness, not all grocery prices went up, some are surprisingly stable over the last year. My favorite tea, for example, same $5.49 price per pack in 2022 as in 2021.

Zero-percent-inflation.png  

Didn't they reduce the number of sachet/box from 20 to 16?
That would amount to a 20% increase in price.

January 22, 2022
10:46 am
savemoresaveoften
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Norman1 said

That just means you missed out on the dip in December in the prices of things like gasoline; clothing and footwear; and alcohol & cannabis.

As the Globe & Mail article said, one needs to look beyond the headline and one or two categories. Statistics Canada Table 18-10-0004-01 has more detailed numbers.  

cant argue against that. With omicron and no golf in winter, I have not filled up my car for prob a month. Havent bot much clothes and footwear either. But I did buy booze and dont consume cannabis lol

January 22, 2022
11:25 am
Bill
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HermanH, it's a 25% price increase.

January 22, 2022
11:53 am
MG
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Norman1 said

That just means you missed out on the dip in December in the prices of things like gasoline; clothing and footwear; and ALCOHOL & cannabis.

  

When I went to purchase some wine at the LCBO in December, their shelves were almost empty! No wine from Australia to be had. So maybe the price went down because all they had left was the cheap plonk! sf-confused

January 22, 2022
6:21 pm
Norman1
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I didn't notice a drop in the alcohol prices either.

It looks like the Alcohol & Cannabis category drop was mostly from the cannabis. This is from CPI, monthly, … - Alcoholic beverages, tobacco products and recreational cannabis:

Products and product groups Dec
2020
Nov
2021
Dec
2021
Nov 2021
to
Dec 2021
Dec 2020
to
Dec 2021
Alcoholic beverages, tobacco products and recreational cannabis 171.4 176.6 175.7 -0.5% +2.5%
Alcoholic beverages 131.6 134.5 133.7 -0.6% +1.6%
Recreational cannabis (201812=100) 83.5 77.2 76.5 -0.9% -8.4%
January 23, 2022
5:17 am
savemoresaveoften
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Norman1 said
I didn't notice a drop in the alcohol prices either.

It looks like the Alcohol & Cannabis category drop was mostly from the cannabis. This is from CPI, monthly, … - Alcoholic beverages, tobacco products and recreational cannabis:

Products and product groups Dec
2020
Nov
2021
Dec
2021
Nov 2021
to
Dec 2021
Dec 2020
to
Dec 2021
Alcoholic beverages, tobacco products and recreational cannabis 171.4 176.6 175.7 -0.5% +2.5%
Alcoholic beverages 131.6 134.5 133.7 -0.6% +1.6%
Recreational cannabis (201812=100) 83.5 77.2 76.5 -0.9% -8.4%

  

well then it does matter what one consumes in reality and not dictate by just the headline which is flawed in this case. I hope the majority of the population are NOT cannibis user

January 23, 2022
5:17 am
Alexandre
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Bill said
HermanH, it's a 25% price increase.  

It is 4.8% increase, according to Statistics Canada. They are much better in math than any of us.

January 23, 2022
7:29 am
Bill
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January 23, 2022
7:42 am
Alexandre
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Bill said
Inflation's no problem, just have to hold the right assets.

Agreed. May I also recommend:

Bitcoin’s price has become the top performing asset of any class (including stocks, commodities and bonds) over the past decade – climbing a staggering 9,000,000% between 2010 and 2020.

Also, the right asset is Lotto Max ticket winning top $70,000,000 prize off $5 ticket price investment. Just pick the right asset, i.e., the right lottery ticket, and you all set. sf-smile

January 23, 2022
8:44 am
Alexandre
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Stastcan: Regular, unleaded gasoline at self-service stations — 140 cents/litre in December.

Me, walking in January by gas station with 148.9 price sign: damn, should have bought it on the dip!

January 23, 2022
8:59 am
mechone
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I don't do the grocery shopping however my wife is sick ,so Friday I stopped in , the prices of meat are thru the roof and selection is crap, same as fruit and veggies. Also I'm seeing empty shelves . If the Bank Of Canada wants to put the brakes on Inflation they should be looking at a .5 increase in the rate. I feel .25 should have been done last fall , were past that now.

January 23, 2022
9:06 am
cgouimet
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Kidd said

Are you wanting controversy? There are definitely 2 trains of thought in this forum.

The Americans have stopped importing pei potatoes, because the potatoes are covered in warts. Potatoes should be next to free.

Why aren't these lower prices being passed on to the Canadian consumer?

The feds believe a higher pump price (gas) will create a greener environment. WELL... with Vancouver paying $1.70 per litre vs Toronto's $1.46. Vancouver's air must be cleaner than Toronto's. Breathe deep Vancouver, enjoy the goodness given to you, by you paying so much.  

I wish we could buy PEI potatoes but most of the potatoes I see in my local Loblaws and No Frills are from the US. In my opinion we need to shift many of our north/south product flows to East/West...

CGO
January 23, 2022
9:26 am
christinad
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I spent 9.00 on a package of ground beef and i think the same package used to cost 7.O0. Ouch. I want to buy steak next week i can only imagine what that will cost. It almost seems like buying chicken is cheaper.

January 23, 2022
10:48 am
HermanH
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Brisket jumped from $8/lb to $13/lb.
Thank goodness it was only a 4.8% increase! (according to StatsCan) sf-wink

January 23, 2022
11:34 am
savemoresaveoften
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HermanH said
Brisket jumped from $8/lb to $13/lb.
Thank goodness it was only a 4.8% increase! (according to StatsCan) sf-wink  

marinate ur brisket with cannibis to even out the price shock per StatsCan sf-smile

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