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Anyone with a calculator and the “Rule of 72” can independently verify this as fact.
That every government mouthpiece intones the party dogma doesn’t change this fact.
Your government is lying to you.
Your energy prices are double what they were a decade ago?
Btw, official stats show prices up 30% in Canada over the past 10 years [1].
[1] https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=181000...
Ask 10 citizens who own/rent the same property what their utility bill was a decade ago.
You’re being gaslighted.
I’m not familiar with Canadian methods. But in America, both CPI and PCE look at the bottom line, i.e. tax inclusive to taxes, delivery fees, et cetera.
> Ask 10 citizens who own/rent the same property what their utility bill was a decade ago
I can look at my own bills and say from five years ago the rates and bottom lines are identical. But I’m in Wyoming, where energy is cheap. (There is a new surcharge this year, but that’s less than 5% for me. Which for 5 years is fine.) Gas prices, too, are about flat across America from ten years ago, give or take—petrol is cheaper in real terms than it was ten years ago.
If price per kwh doubles, but energy budgets are stuck, how does this appear in the CPI.
It doubles. “BLS calculates and publishes average price series for price per kWh of electricity, per therm of utility (piped) gas service, and per gallon of fuel oil” [1]. (Not sure about PCE.)
A figure of 25% using an alternate methodology is not at all unreasonable.
I have receipts and photos from 2019, and most grocery items I buy have seen price doubling.
I typically bought tri-tip when it went down to $2.99/lb as late as 2022. I haven't seen less than $4.99 this year.
You’re may be in one of the regions seeing higher inflation [1]. (Florida, Maine, New York, Arizona, Texas and South Carolina being the worst hit in 2023.)
In Wyoming, my homeowner’s is up 10%. But car is flat/down, gas is down, and fresh veggies down—altogether I’m spending less than a few months ago on basics.
[1] https://www.bea.gov/news/2024/personal-consumption-expenditu...
Went up over what period? Inflation was quite high from mid-2021 to mid-2023, peaking around 9% (annualized) in June 2022. But since mid-2023, the inflation rate has been steady and not very high. Prices haven't gone back to what they were before, which you really don't want because deflation is worse than inflation. But prices aren't going up the way they were 2 and 3 years ago, but that doesn't mean we don't still feel it.
The St Louis Fed has the goods on tomatoes, you would expect that: https://fred.stlouisfed.org/series/WPU02440127
The PPI for tomato sauce, which had been very much constant between 1980 and 2020 (annual increase ~ 1 %) went up by 50 % between mid-2021 and January this year. There is no reason for it to go up, except the grocery monopoly and sticky prices. Of course I want it to come down, the increase isn't due to factors at the producer side.
Here's the price for eggs: https://fred.stlouisfed.org/series/APU0000708111
At least there the recent increase is explainable by bird flu, but no one expects prices to come down once the epizootic is over.
And there are areas where you want deflation, just to discourage investment. Housing is not supposed to be an investment vehicle.
I always take issue with this when I see it. Who is making the supposition, and what reality do they live in.
It is a durable capital asset which provides either revenue or cost savings. In what economic world is that not an investment of some sort.
Should housing be a bad investment?
I dont like homeless people either. We need to build more housing.
Shouting at the clouds about price does not solve that.