Excluding gasoline, headline inflation would have been 4.0% in June, following a 4.4% increase in May.
Canadians continued to see elevated grocery prices (+9.1%) and mortgage interest costs (+30.1%) in June, with those indexes contributing the most to the headline CPI increase.
The all-items excluding food index rose 1.7% and the all-items excluding mortgage interest cost index rose 2.0%.
Canadians continued to see elevated grocery prices (+9.1%)
I don’t know about anyone else, but it’s been a minimum 30% increase for food, and I’ve seen upwards of 200%+ for groceries we used to be able to afford.
I wonder if it’s because of what they are including in their percentages. Like, if meat, cheese, eggs, and produce skyrocketed, but a ton of processed garbage didn’t, then it’ll make the numbers look lower than it is in practice.
Yes, a grocery store contains thousands of items, and as always, inflation hits the necessities worst, and luxuries the least (because demand for the latter is “elastic”).
You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !canada@lemmy.ca
I don’t know about anyone else, but it’s been a minimum 30% increase for food, and I’ve seen upwards of 200%+ for groceries we used to be able to afford.
I wonder if it’s because of what they are including in their percentages. Like, if meat, cheese, eggs, and produce skyrocketed, but a ton of processed garbage didn’t, then it’ll make the numbers look lower than it is in practice.
Yeah, that’s entirely possible!
Yes, a grocery store contains thousands of items, and as always, inflation hits the necessities worst, and luxuries the least (because demand for the latter is “elastic”).
Yeah, the grocery bill has been insane this past year.