Inflation cools to 2.8% in June, But prices at the grocery store rose 9.1%. "Actual" inflation higher than "official" inflatinon

[WestCanMan]

I went to the local IGA yesterday for meat and there were so many options at $45/kg, $51/kg, etc. 

In order to make the price seemed reasonable they just had tiny amounts of meat in each pkg. 

42g of cinnamon $8.

That's all I shopped for, but the prices were stupid. 

[CdnFox]

1 hour ago, Moonbox said:

No, they don't, and I literally just showed you that they're included.  

No, what you posted did not say "this is included in the Average CPI index."    You're an 1diot.

Quote

They exclude all sorts of things from inflation calculations, but rent and shelter costs for Canada's largest housing markets ain't one of them, and I'm pretty sure you can't provide any references proving otherwise.  

It is, and they make up estimated rent increases for things like people who own so that property values aren't included.   But hey - you go ahead and prove me wrong.   You're SURE so you should be able to find the actual formulas for calculations.   Go ahead. 

You're an !diot.  Your own data should have made you realize there's a problem.  Rental rates in toronto went up only 6 . 8 percent in the last year?  It was double digit and then some.   And home ownership only went up 5 percent? Housing prices were far higher.

https://globalnews.ca/news/9830140/average-canada-rent-prices-record-report/

So right off the bat you know there's an issue.

The formulas they use are insanely complicated. Here's a blurb on just calculating housing and how complicated it is

https://www.theglobeandmail.com/business/article-why-inflation-numbers-dont-reflect-canadas-red-hot-housing-market/

Quote

Yes, that's why it's weighted.  It will undoubtedly be worse in Ontario than, say, Manitoba.

No that is not how i'ts weighted. They weight it by provincial impact on the economy.  So if it's low in every single province but it's high in ontario - the ontario number is worth more so the result will be higher than the national average.

They also make up imaginary rental rates for people who own homes instead of using mortgage rates and the like. They also use a bunch of other methods to help 'levelize' the pricing and avoid unstable pricing.

You don't understand ANY of this.  It is so OBVIOUS you have never looked into it.   You just blather like an !diot because you want the truth to be different than it is.

Sorry - you're too stupid for this conversation. Maybe when you grow up and learn to read a little you can figure it out.

I'm sure you'll now cry like a baby that this was too much for you to read.

 

In the meantime for the adults in the room - real life Inflation is going to significantly exceed the  official inflation numbers for most people.

 

[Guest]

37 minutes ago, myata said:

No, there's no equivalence.

Good play to deflect by playing politics and virtue signaling. Lazy, but good play, nonetheless.

37 minutes ago, myata said:

You are still making a moral choice

Your logic. Completely suffocate Russia 100%. The humanitarian crisis that doesn't punish Putin is penalty for his actions. 

Russian people are not the problem. You're the type of person that would assault someone for proudly wearing their country's colors, because it doesn't align with what CNN tells you to do on TV.

I feel zero shame with who I do business with.

I don't look down on others either, because am far from perfect.

So, either you're quite close to where God is nervous you're taking his spot, or are a hypocrite. 

[CdnFox]

2 minutes ago, Perspektiv said:

Russian people are not the problem.

They kind of are a bit tho, they've been very supportive of the war until recently.  If putin thought it would be wildly unpopular 'im not sure they'd have gone.

[myata]

10 minutes ago, Perspektiv said:

Russian people are not the problem.

"Nazi Germany people are not the problem".

You want to revisit it, reopen the question? Sure, feel free. But the fact remains: you are willingly and deliberately giving Hitler your money; and he WILL use it to perpetuate his heinous, bloody and criminal war. "The people" is only a cute little excuse you give yourself to avoid looking in a straight mirror. Like you give a d@mn about poor Russia people who, swimming in the oil and drinking gas millions for the tea thought of nothing better than sending it all down the toilet by invading a neighbor European nation.

[eyeball]

15 hours ago, Moonbox said:

The higher interest rates are lowering inflation.  ?

While inflating the cost of housing.

Quote

What does fault have to do with it?

I guess it comes across in the tone the BOC seems to use when clucking over wage increases in the labour market - as if it were an irrational exuberance.

[Moonbox]

38 minutes ago, CdnFox said:

No, what you posted did not say "this is included in the Average CPI index."    You're an 1diot.

It was a drill-down on the composition of the Consumer Price Index, straight from the Statscan website.  

Once again, you've proven your compulsion for clueless bullshitting and your tendency to aggressively double-down on it when corrected. ??

[Moonbox]

9 minutes ago, eyeball said:

While inflating the cost of housing.

I know it would be nice if we could just keep having near-zero interest rates, borrow as much money as we want AND have low inflation, but that's unfortunately not how reality works.  

9 minutes ago, eyeball said:

I guess it comes across in the tone the BOC seems to use when clucking over wage increases in the labour market - as if it were an irrational exuberance.

I think you're seeing what you want to see there.  

[CdnFox]

17 minutes ago, eyeball said:

While inflating the cost of housing.

 

And everything else that people use credit for - which includes a lot of small businesses who buy supplies or construction materials on credit as well as things like cars.

 

[Guest]

34 minutes ago, myata said:

"Nazi Germany people are not the problem".

Now you get it.

Iraq was invaded. Are all Americans at fault, or that war doesn't count because Hussein was a baddie? This excuses the hundreds of thousands of innocent people who were killed. He had nukes. Oh, wait.. 

Want a medal? A cookie? 

[CdnFox]

10 minutes ago, Moonbox said:

It was a drill-down on the composition of the Consumer Price Index, straight from the Statscan website.  

 

No, it's a drill down on their data tables - NOT the actual calculation for the CPI.

You are just far too stupid for this conversation.  You don't even understand what you're referencing.

 

And it looks like you couldn't find that formula, eh?

People like you are why we can't have nice things.

[myata]

1 minute ago, Perspektiv said:

Want a medal? A cookie?

A plausible excuse, for sending your dough to Hitler (his rules will take care of the rest, no need to worry)? So cute.

6 minutes ago, CdnFox said:

And everything else that people use credit for

I wonder how it'll play out. What if with highly monopolized economy and an absence of a large internal market to dampen the fluctuations we're past the line where high interest will keep the inflation up (via indexations, tax increases, different allowances) and vice versa. Like, who gave us assurances that the mindless happy ride would go on forever?

[WestCanMan]

1 hour ago, CdnFox said:

No, what you posted did not say "this is included in the Average CPI index."    You're an 1diot.

It is, and they make up estimated rent increases for things like people who own so that property values aren't included.   But hey - you go ahead and prove me wrong.   You're SURE so you should be able to find the actual formulas for calculations.   Go ahead. 

You're an !diot.  Your own data should have made you realize there's a problem.  Rental rates in toronto went up only 6 . 8 percent in the last year?  It was double digit and then some.   And home ownership only went up 5 percent? Housing prices were far higher.

https://globalnews.ca/news/9830140/average-canada-rent-prices-record-report/

That's home prices for the "Fraser Valley Real Estate Board". I.e. Surrey, Langley, Abbotsford, White Rock, etc. Basically everything between New West/Bby and Chiliwack.

Edited July 19, 2023 by WestCanMan

[Moonbox]

10 minutes ago, CdnFox said:

No, it's a drill down on their data tables - NOT the actual calculation for the CPI.

It's straight from the statscan CPI portal you donkey - a direct drill-down of shelter costs from the national to provincial to regional levels.  

17 minutes ago, CdnFox said:

You are just far too stupid for this conversation.  You don't even understand what you're referencing.

Nope, that's just you spinning your wheels to try and save face after getting caught cluelessly bullshitting again.  

We know:

1)  A weighted average of shelter costs are included in CPI

2)  That statscan is publishing the numbers that make up this average in their CPI portal  (including Toronto and Vancouver). 

3)  That you have claimed Toronto and Vancouver are excluded, without providing any evidence whatsoever.  

[Guest]

31 minutes ago, myata said:

A plausible excuse

No excuse. I have no issues with my purchasing materials that originate from Russia. You do.

I sleep at night, easy. My prices on this product remains stable. Quality is best in the industry am in.

Just like you likely sleep at night, buying from Walmart  Loblaws, the Gap or Apple, which have horrific track records regarding working conditions, and hundreds of deaths attributed to the first two alone, due to gross negligence.

Point am making, is you're virtue signaling. Not making an actual point. 

Again, one would have to be near perfect to look down on another. Unless you don't buy anything, you buy products that are tainted.

"Well, at least am trying" is a Los Angeles hooker with herpes, calling one with HIV dirty. 

Essentially what you're doing.

To you, you're far superior.

To any outsiders, you're two hookers arguing about STDs you both have.

[CdnFox]

1 hour ago, WestCanMan said:

That's home prices for the "Fraser Valley Real Estate Board". I.e. Surrey, Langley, Abbotsford, White Rock, etc. Basically everything between New West/Bby and Chiliwack.

[CdnFox]

58 minutes ago, Moonbox said:

It's straight from the statscan CPI portal you donkey - a direct drill-down of shelter costs from the national to provincial to regional levels.  

It's not the figures they use to make their calculations you tard!!   How hard is that to comprehend!!!?!??!  A 6 year old could understand that!!  They collect all kinds of data but they use the information very selectively for their 'market basket' - i posted an article on that!!!!

 

You're just too stupid for this conversation - you can't even understand what you're linking to.  Maybe get a 6 year old to explain it to you and get back to me.

[WestCanMan]

12 minutes ago, CdnFox said:

The weird part is if you look at when covid happened on that graph. You'd think that house prices would have tanked when the economy went into the toilet, but it was the exact opposite. Truth is stranger than fiction....

[myata]

51 minutes ago, Perspektiv said:

No excuse. I have no issues

Many did. Your are not the first one. Nothing to apologize for, to me especially. Nothing to explain. It is your choice, a moral one. Yes some / many gave money to Hitler to eat and pay dividends to shareholders, etc. And there were those who fought him. We are all making our own choices.

[Moonbox]

3 minutes ago, CdnFox said:

It's not the figures they use to make their calculations you tard!!   How hard is that to comprehend!!!?!??! 

No, they're the figures resulting from their calculations, you angry muppet.  ?

3 minutes ago, CdnFox said:

A 6 year old could understand that!!  They collect all kinds of data but they use the information very selectively for their 'market basket' - i posted an article on that!!!!

Yes, you posted an article explaining how CPI calculations are complicated, not one that even remotely supported your claim.  Great job! ??

[eyeball]

The only inflation left to tame is being caused by the Bank of Canada itself

https://financialpost.com/news/economy/rosenberg-only-inflation-left-caused-bank-of-canada

[Deluge]

23 hours ago, CdnFox said:

Cherry pick? Tell me - which canadians DON'T have housing or eat food?

You're out of date.  Both have become very serious problems for the middle class, and quickly moving upwards. The price of housing is quickly becoming close to half the average income. 

And with both of those still climbing at very high rates, the MAJORITY of people will still be feeling inflation far in excess of what the 'official' rate is. Not a 'cherry picked' group but most canadians. Housing and food are the two biggest bills for most people, possibly car payments beating food but not by much.

 

 

It's virtually impossible for woketards to NOT cherry pick information. It's the only way they can move their shitty ideas. lol

Edited July 19, 2023 by Deluge

[CdnFox]

51 minutes ago, WestCanMan said:

The weird part is if you look at when covid happened on that graph. You'd think that house prices would have tanked when the economy went into the toilet, but it was the exact opposite. Truth is stranger than fiction....

Well when you're stuck working at home suddenly how big that home is makes a difference  

If i had been living in a one bedroom apartment as a younger person or a 2 bedroom with a kid got help me i'd have been pretty motivated to find any way possible to get into something bigger.

 

[Guest]

2 hours ago, myata said:

Nothing to apologize for, to me especially. 

Exactly. I agree.

2 hours ago, myata said:

It is your choice, a moral one. 

A business one. Its moral to you.

Not everyone can afford to cut off their depending on Russia. 

A country or business  sometimes must put their own interests first.

If the US and Canada want to virtue signal, let them. 

Porsche supplied vehicles to Hitler. 

This was business. 

You can claim whatever narrative that helps yourself pat yourself on the back.

The US invaded Iraq. They are the last country to denounce a country for doing the same.

"Its not the same", is not an excuse any more than anyone in this thread questioning morals, if they use brands that are just as predatory.

[myata]

2 hours ago, Perspektiv said:

A business one. Its moral to you.

Business is outside of the moral domain. A universal escape from moral choices. Got you.

3 hours ago, Perspektiv said:

Not everyone can afford to cut off their depending on Russia. 

Have to eat here so pay to Hitler. Or make a profit margin for shareholders, nothing personal. Of course.

3 hours ago, Perspektiv said:

A country or business  sometimes must put their own interests first.

Yeah really we have to make profit here and Hitler is only another hitler. Sure.

3 hours ago, Perspektiv said:

Porsche supplied vehicles to Hitler. 

Nope, you aren't the first one. People make different moral choices. For that we have free will and stitching a label like "business" doesn't add anything to that dilemma.

3 hours ago, Perspektiv said:

The US invaded Iraq.

That's Russia's narrative and you know that it's all wrong: Ukraine did not occupy anybody as Iraq or had WMD like Iraq and it was by the sanction of the UN unlike Russia's blatant violation of the Charter but have to keep lying only to avoid looking in the straight mirror. Yes that much is clear.