Suncor Energy Inc. T.SU

RE:Canada’s true inflation rate

[mrbb]

Torontojay wrote:

If one wants to know the real inflation rate instead of the bogus numbers the government spits out, all you have to do is figure out how much homes have risen in the last decade and you get a "true" inflation rate. Home prices tend to follow wages which tends to track inflation. This is a better indication of the decline in purchasing power  even well before the pandemic. We've been lied to for many years and they continue to get away with telling people that everything is just fine. 

Not only is the inflation figure an outright lie, the packaging at the grocery stores have been shrinking too. We have companies increasing prices and shrinking the packaging simultaneously. How do you think StatsCan handles that kind of information? How convenient for statisticians to add used car prices in the basket of CPI goods just to capture car prices on its way down. They consistently change the cpi basket to make the headline numbers appear better than they really are. 

Anyway, all one needs to do is figure out how much home prices in Canada rise every year and now you've captured the true inflation rate. 

My rant for the day. 

 

and rent

September 2023 Rentals.ca Report