Inflation rises to 2.9 in May
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- เผยแพร่เมื่อ 2 ก.ค. 2024
- Robert Kavcic, senior economist at BMO Capital Markets, joins BNN Bloomberg to discuss the latest inflation data for the month of May.
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Groceries have gone up 100 percent since 2019. The cpi is a joke it's fake. The question is why did they change the way they calculated cpi from the 1980 to a different way now.
Most notably the original definition of inflation was changed from “excess money supply (printing)” to “price levels using a basket”. How convenient.
It certainly isn't fake although you may disagree with their product selections.
Oh no. Prices aren't coming down they just slowed on the rising of the prices.
@@TheRecurrence Google has the cpi change since 1980. Go down to is the cpi being manipulated hit that drop down. It says if u run today's data with the way the old way u will find that it nearly doubles way the gov is reporting. Now why would they do that
I was talking about this with my wife yesterday. Most things now cost double (or more) than they used to.3anwhile wages have done diddly squat. It's gonna be a rough decade for us.
Inflation use to be measured annually.. now it's monthly.. and they still need to lie.
It’s measured and reported both annually and monthly. We only hear about it monthly on the news when it’s important.
lots of places in looked at each day and some places you pay before you eat
Has any one connected the dots that it's the carbon tax ticking prices higher!!! It takes time to digest it's impact.
How does Macklem still have a job in today’s economy?
We’ve been in a per capita depression in Canada for two years… not a recession.
We never recovered from 2008.
Macklem doesn't care about that and he shouldn't be held responsible for a shrinking economy...that's Trudeau's job and he is failing miserably.
Do you know what Macklem's job even is?
What does Macklem have to do with anything? He's just following the data. If you had anyone else in there they would do the exact same thing.
This comment doesn't make sense. Are saying interest rates need to hold and not go down.
What credential do you have? Should we name you BoC chief?
July rate cut is the wrong move. I don’t want to pay high interest but we have to keep inflation down and ensure the dollar remains at relative value to other currencies.
As people renew their mortgage to 2-3x people have to blood and sweat for it, how can coi drop from that prospective
This is the problem with how they measure CPI. When rates are falling, inflation is under-represented, and when rates rise, the opposite is true.
Good. Many people SHOULD default. It was all fun and games, making %40 profits over other people's backs, using BORROWED money from the banks right? Free money times should END, and we need to keep the rates HIGH for a long time in order to allow the housing prices to CORRECT. It is ridiculous, money was so cheap people started bidding wars, outbidding each other by hundreds of thousands of dollars by using BORROWED money. Canada has a big productivity problem because nobody is investing in businesses, all the money is going to concrete and houses, creating a housing hell while taking the much needed capital from the businesses and tech. Investors SHOULD LOSE money from their real estate investments, and lose a lot of it, if we are to save Canada from this hell.
Oh please it never went down and even 2.9 is a fudged number. Give me a break.
Something is going wrong, he said, of course, cutting rate was error, corruption and to please politicians, if rate donit increase, and people feel the pain, we will stay as we are
There is always something
Groceries going down reallly no way cause just paid more than usually 😮😮😮
Seeing these is crazy....nothing has really changed. Canadian dollar has been down for a long time never seen it over 78.
Interest rate cut is not much .......solution is needed🧐🧐
Bank of Canada will fail this year when GameStop goes above 70$
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No rate cut for you! Next!
And they just cut interest rate. What a bunch of clown.
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Time to raise rates again.
Assuming that the economy is slow because rates are "restrictive" is a logical fallacy. Correlation doesn't equal causation and anyone with half a brain knows that. The economy is likely weak because Canada's bubble economy can't function with anything more than near 0% interest rates to fuel the speculative mania.
we have to cool our jets a little bit is this guy for real??
Next month will be 3.2
LMAO!
May 2023 CPI dropped a lot, therefore May 2024 is supposed to be a bit high. Nothing to see here. The trend is the same. 2.9% is really good number. I was expecting 3.0%.
Is that you Freeland ? 😂
Okay rate cut for you, guaranteed. Everyone else will pay more than you, happy?
Then why was BoC expecting 2.6?
justin T Worse PM. Unlimted refugees and students . Shame
Our economy depends a lot on the real estate market and right now it's not great! We need another rate cut.
Wrong !
Okay back to 0%. Happy?
Praise Allah...I love higher inflation.