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| April 20, 2009: Bank of Canada urged to chop benchmark interest rate by 50%, down to 25 basis points from the current 50 basis points... This may actually happen... |
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According to StatsCan, assuming that you don't want to eat a balanced diet, and choose to live in a cardboard box on a downtown Toronto sidewalk - but drive a gas guzzler - inflation is down to below the projected 1.4%...
So here are some numbers to consider: Food -potato prices are up 54.9% from a year ago, -fresh vegetables are up 26.5% from a year ago -fresh fruits are up 19.3% from a year ago -non-alcoholic beverages are up 10.2% from a year ago -cereal products are up 11% from a year ago -meats are up 7.6% from a year ago -housing is up 2.1% since last month and continues to rise but... -gasoline prices are down from a year ago. -alcoholic beverages are essentially at the same price level as a year ago The moral of the story is that drunk drivers of gas guzzler clunkers who don't eat fresh vegetables are likely experiencing a relief from inflation; however, the rest of us are not so fortunate. E.&O.E. |
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