4:31 pm
October 21, 2013
There appears to be some confusion between CPI and Cost of Living. StatsCan goes to some effort to explain this difference and several other relevant concepts.
https://www.statcan.gc.ca/eng/subjects-start/prices_and_price_indexes/consumer_price_indexes/faq
5:12 pm
October 29, 2017
Loonie said
There appears to be some confusion between CPI and Cost of Living. StatsCan goes to some effort to explain this difference and several other relevant concepts.
https://www.statcan.gc.ca/eng/subjects-start/prices_and_price_indexes/consumer_price_indexes/faq
Yep, if you live by consuming exactly what is in the “basket of goods”, then your monthly costs, from last April compared to April this year, have increased by 3.4%. Assuming you represent the average Canadian’s lifestyle and you reside in a region that represents the average costs from all locations used in the index.
9:12 am
April 2, 2018
HermanH said I can still get basic hamburger or chicken for $1/lb and my fruits and veggies at about 30 to 50 cents / pound.
Hmmm. I do not know where do you shop/buy chicken or veggies but my local grocery stores do not sell those items that cheap.
Very seldom chicken leg quarters go for $1/lb and there are NO veggies/fruits for $0.50/lb unless you buy reduced products...
9:27 am
April 14, 2021
Check your eFlyers and then bring them to SuperStore, NoFrills, Giant Tiger, FreshCo (or other participant) and get a price-match. Chinese and ethnic store flyers offer good value. Have your freezer ready to store lots, when the prices are available.
Yes, I eat plenty of (but not exclusively) reduced price or clearance products. The quality is perfectly healthy and nutritious. I don't care if it looks ugly. I get by on $3 / day.
12:02 pm
April 6, 2013
savemoresaveoften said
…
Does the CPI basket takes into account of such details, such as mayo price per ml ? I doubt it and think they just look at mayo price per jar, except the jar keeps getting smaller for example.
Yes, the CPI basket takes quantity into account. One will get a meaningless price index if one doesn't.
Statistics Canada addresses that exact question in the CPI FAQ Loonie mentioned:
I have observed fluctuating product sizes in items such as prepackaged food. How does the CPI account for such changes?
The CPI is obtained by comparing, over time, the cost of a fixed basket of goods and services purchased by consumers. Since the basket contains goods and services of unchanging or equivalent quantity and quality, with the use of quality adjustment methods, when required, the index reflects only pure price change.…
Quantity adjustment is the default treatment for nearly all of the product offers in the Food major aggregate, for which it is common to observe changes in quantity over time. Many of the products in the Household operations aggregate and Personal care supplies and equipment aggregate employ quantity adjustments as well.
…
12:36 pm
April 6, 2013
savemoresaveoften said
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However, if you look at the things you have been buying, its hard not to notice inflation being higher than what CPI printed at least in the last few years. Or to look at it from another perspective, there are just a handful of things that have gone down in price in general, big screen TVs being one of them. But then even most technologies have increase in price, cellphone in particular. You are getting more but also paying more. Milk and egg are the other 2 things that has been stable in price due to govt subsidies. One cant live on those 2 anyways. I gauge items such as back ribs which can be had for 2.99 a lb when on sale, now the lowest sale price I have seen is 3.49.
…
Diversity in the price changes of individual items is expected. But, that's not really what the all-items CPI number reflects.
The all-item CPI number reflects the change in the price of the basket of items. Prices increases in some items can be offset by price reduction in others. That happened in the April-to-April period in, for example, the Food portion of the basket.
In the April 2020 to April 2021 period, there was significant drop in the price of tomatoes and canned/preserved foods:
Food prices increase at a slower pace
Year over year, food prices rose at a slower pace in April (+0.9%) than in March (+1.8%). The slowdown was partly attributable to lower prices for fresh vegetables (-7.2%), as prices for tomatoes fell 29.8% on a year-over-year basis as a result of increased supply.
Higher prices for dry and preserved foods in April 2020, when demand for non-perishable food products heightened as a result of public health measures, had a downward impact on the food price index in April 2021.
There was diversity in the all-items CPI inflation in different regions, compared to the 3.4% Canada-wide all-items CPI inflation:
April 2020 to April 2021 |
|
Canada | 3.4% |
Newfoundland and Labrador | 4.3 |
Prince Edward Island | 5.3 |
Nova Scotia | 4.2 |
New Brunswick | 4.2 |
Quebec | 3.4 |
Ontario | 3.3 |
Manitoba | 3.2 |
Saskatchewan | 3.7 |
Alberta | 3.3 |
British Columbia | 3.0 |
Whitehorse | 3.1 |
Yellowknife | 2.0 |
Iqaluit | 0.6 |
2:47 pm
April 2, 2018
HermanH said
Check your eFlyers and then bring them to SuperStore, NoFrills, Giant Tiger, FreshCo (or other participant) and get a price-match. Chinese and ethnic store flyers offer good value. Have your freezer ready to store lots, when the prices are available.Yes, I eat plenty of (but not exclusively) reduced price or clearance products. The quality is perfectly healthy and nutritious. I don't care if it looks ugly. I get by on $3 / day.
Amazing. First person who handles food similar to myself.
Nothing wrong with reduced produce; but it is difficult to get it as stores close to me put it out at random times.
Always laughing when people buy green bananas... just wait for reduced one and you will get properly ripened - ready to eat or to make milkshake!
6:46 pm
April 14, 2021
pooreva said
Nothing wrong with reduced produce; but it is difficult to get it as stores close to me put it out at random times.
Walmart $1 and $2 discount banks give the best. You can usually get 3-4 pounds / bag. You may not always get what you want, but the discipline to compel oneself to take whatever is offered is sometimes necessary. There is plenty of perfectly edible eggplant, chayote squash, jicama, and other fruits and vegetables that may not sell well, but are still excellent sources of necessary vitamins.
If you frequent specific stores often, you can usually get a feel for when they dispense the clearance bags and schedule visits accordingly.
pooreva said
Always laughing when people buy green bananas... just wait for reduced one and you will get properly ripened - ready to eat or to make milkshake!
I try not to criticize others for their decisions and hope that they return the courtesy. They may not have the time necessary for multiple trips and simply need to make the best use of their precious limited time. (My personal daily food budget of $3 is totally discretionary and purely self-imposed.) Plenty of folks would think HISA forumites are crazy for constantly moving money in pursuit of a few cents here and there.
5:32 am
November 8, 2018
As interesting and educational last few posts as they are, there is a difference between inflation and frugality.
Inflation: I shop at Highland Farms, they used to sell salmon roe at $8/100g, now it is $15/100g.
Frugality: I switched from Highland Farms to No Frills for my grocery shopping, savings are amazing. Also, at No Frills they don't sell salmon roe, which helps me trim my grocery expenses even more.
8:51 am
January 12, 2019
Alexandre said
. . .
Frugality: I switched from Highland Farms to No Frills for my grocery shopping, savings are amazing. Also, at No Frills they don't sell salmon roe, which helps me trim my grocery expenses even more.
Although we sometimes shop for groceries elsewhere, No Frills is our main Go-To grocery store, as well.
It's where the 'Frugal People' shop.
- Dean
" Live Long, Healthy ... And Prosper! "
9:13 am
April 14, 2021
Alexandre said
As interesting and educational last few posts as they are, there is a difference between inflation and frugality.
Very true and I apologize if I have taken the thread astray.
I do note that my adherence to frugality tends to minimize or virtually eliminate the apparent effects of inflation.
8:41 pm
February 20, 2018
CPI is bogus. They move the goal posts whenever it gets hot. Now inflation is hiding in rental expense which wipes out working class earnings and housing cost which makes the middle class life long debtors reliant on the hand of government. The latest excuse it's gonna take another decade till the recent cpi housing adjustment can be fully measured.
1:00 pm
April 6, 2013
Saver-Mom said
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As for the mill, they seem to have the manpower back now, but are also having wood supply problems. But Savesmore may be onto something about delivering to higher paying customers first...
You may wish to check for lumber in a few months. Cheaper wood is coming down the pipe according to recent Globe and Mail article Lumber prices crash 70% from record highs…:
The price sawmills charged wholesalers – known as the cash price – was US$485 for 1,000 board feet this week for two-by-fours made from Western spruce, pine and fir (SPF), compared with US$1,630 in mid-May, according to Random Lengths, an Oregon-based company that monitors wood markets.
“The deep slide from record-shattering levels extended to an eighth week, with triple-digit price drops common across all framing lumber species,” Random Lengths said in its newsletter.
This week alone, cash prices for two-by-fours fell by US$210 for 1,000 board feet of Western SPF, or a 30-per-cent decline, compared with last week’s survey.
…
Industry observers say it will likely take several weeks before lower lumber prices are fully reflected at the retail level, because wholesalers paid higher prices for supplies that are currently in inventory and still available for purchase at stores.
7:45 am
February 7, 2019
Kidd said
Don't worry. Anything and everything that went UP in price, will be removed from the Canadian inflation index. The picture will remain rosy, we will show the world how to truly doctor an outcome.Dust is free, and we all get it, this will be added to the index.
Opinions are mostly free.It's the same way they add public sector job gains, to offset private sector job losses. Remove those who have run out of unemployment benefits from the unemployed numbers, and we have less unemployed.
We have free health care in canada, "your" government boasts this. Yet, we pay a fortune for health care from our taxes just to hire administrators, not nurses and doctors.
Let me guess ... Vaccines are bad, right?
CGO |
9:53 am
February 7, 2019
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