Inflation canada

[cropgrower]

we moved to canada from ireland about 16 years ago , food and most stuff was a lot cheeper in canada back then , we are back in ireland now for a visit and we cant believe how low the cost of food etc is here now compared to canada , looks like everything PP has said on inflation has been 100 % correct , and them that say inflation is worldwide dont know what they are talking about , my wife has been shopping and spent around a 100 euro on food , that would be about 135 cad dollars , she said the similar amount of goods would be around 250 dollars back in canada , fuel is higher price here but thats about only thing we seen so far

[jazz]

In europe, the inflation is more targeted in energy so far.

Over here, its less in energy and more in everything else.

Anyway, predications are that higher inflation will be around for 5 more yrs. Going to be a lot of people hurting long before that. A mortgage resetting today in Toronto or Vancouver would need $1500-2000 per month more to service.

[cropgrower]

Yes its shocking how canada was almost untouched by crash in 08 , and now cost of living is gone insane thanks to a clueless government

[chuckChuck]

Its best to avoid the anecdotal coffee shop evidence and look at what the facts are.

Energy inflation is one of the largest factors. Food inflation in much of Europe and Great Britain is higher than Canada!

https://www.oecd.org/sdd/prices-ppp/consumer-prices-oecd-09-2022.pdf

[Hamloc]

Its best to avoid the anecdotal coffee shop evidence and look at what the facts are.

Energy inflation is one of the largest factors. Food inflation in much of Europe and Great Britain is higher than Canada!

https://www.oecd.org/sdd/prices-ppp/consumer-prices-oecd-09-2022.pdf

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How accurate are your charts? At the top of the first one it states year over year inflation decreased in Brazil and India. According to Reuters Brazil’s inflation rate in September was 7.96% year over year and India’s was 7.41%.

[AlbertaFarmer5]

How did inflation decrease in Brazil and India?

Currency appreciation. And cheap energy and resources from Russia.

[cropgrower]

explain why most food items are a lot cheeper here in ireland for us CC

[Hamloc]

Currency appreciation. And cheap energy and resources from Russia.

Yes that was my thought as well, then I did some googling. Both countries had similar rates of inflation as I posted.

[jazz]

Inflation is a monetary phenomenon. Thats right back to econ 101. Its caused by money printing - simple as that. Europe printed up $1T during covid. Canada $600B. US $8T and so on.

The inflation is then exported to the rest of the world via currency and other machinations.

Got nothing to do with oil or food supply. Zero. And dont let the marxists tell you different.

[biglentil]

[jazz]

Why was Freeland in Washington to meet with the IMF. Did Canada default.

Hold your wheat, short the loon.

Todays conspiracy....

[biglentil]

Canada will be one of the first to default and with zero gold reserves there is no backstop.

[Sheepwheat]

So a guy comes on to share valuable information about the reality of inflation from a foreign land. And chuck says you can’t go by that, go by the CBC. LOL.

[sumdumguy]

Why was Freeland in Washington to meet with the IMF. Did Canada default.

Hold your wheat, short the loon.

Todays conspiracy....

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“Create more good jobs”? What a dufus! Shut down the industry that produces endless great jobs and creates immense wealth for the entire nation - the oil industry is where it’s at, would some one yell it in her right ear then in her left to be sure she had heard you.

[Guest]

Yes its shocking how canada was almost untouched by crash in 08 , and now cost of living is gone insane thanks to a clueless government

umm , harper ? , maybe ?