Canada statisticians are liars So I've been examining the CPI data and I've observed a few things. According to StatsCan, Canada's inflation has been experiencing deflation since August 2023. This means, if the monthly inflation prints continue at this rate until August, then the CPI headline number will be negative. Great, awesome! Forget about 2% inflation, how about -1% inflation?
I'm sure the corrupt statisticians will massage the data to steer us right back to 2% and everything is going to be fine. Let me just say, I don't believe any of this BS they spoon feed us with. Realistically, I think inflation is 5-10% easily in this country with mortgage payments that are increasing by 30% at renewal. This is how the rich get richer by having you believe inflation is at 2% while the CEO gets a 100% pay raise.
There is absolutely no reason to believe Canada's inflation is lower than the US with the effect carbon taxes has on food, and rent and mortgage costs rising the way it is. We should be significantly higher, with Canada being run by a bunch of oligopolies that dictate prices on everything we buy.
Canada's productivity has been declining significantly and any Economist can tell you that if productivity is declining then "core" inflation must be rising. However, a significant increase in unemployment can lower inflation which will be the only way Canada gets back to 2%.
I forgot which person coined the phrase, but the CPI truly is the CP lie.