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Email this9:05 am
January 12, 2019
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COIN said
Apparently, the BofC Governor said the recent inflation rate(s) are a "temporary blip" and the BofC will not change monetary policy.
Time will tell, of course ... but I think the BofC Gov will be quite 'red-faced', by this time next year.
- Dean
" Live Long, Healthy ... And Prosper! "
10:42 am
February 27, 2018
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Norman1 said
Some of the prices increases are one-time or not sustained.There was a 295% import tariff added to certain imported furniture. Had nothing to do with supply, demand, or interest rates. There isn't going to be another 295% tariff next year on top of that.
The problem we have with every months inflation rate comes down to, how we differentiate math.
Just say... January. i make $1,000 a month. The imported piece of furniture Norman mentions above, costs $10.
February. i still make that $1,000. But Norman's piece of furniture goes up 295%, it now costs $39.50. BOC states there was a one time blip in the rate of inflation, don't worry about it, it won't repeat.
March. i still make that $1,000. AND Norman's piece of furniture still costs $39.50. SO there is NO inflation???
If Norman's piece of furniture goes back down to $10... only then, is there no inflation for the month of March.
1:53 pm
October 29, 2017
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It was mentioned before. April and May were both deflationary last year and June at 3.1% is mildly above the target range. The next couple of months will determine whether inflation is a problem. I think August 18 is the next CPI report and the next scheduled BoC rate announcement is Sept 08.
4:14 pm
November 8, 2018
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March. i still make that $1,000. AND Norman's piece of furniture still costs $39.50.
April. You still make that $1,000. Norman's piece of furniture goes down to $19.99.
CNN Business, Reuters, Bloomberg all publish articles with headlines "Furniture Prices Plummeted!"
BoC starts discussing measures to address deflation, such as introducing negative interest rates.
4:33 pm
October 29, 2017
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Alexandre said
March. i still make that $1,000. AND Norman's piece of furniture still costs $39.50.
April. You still make that $1,000. Norman's piece of furniture goes down to $19.99.
CNN Business, Reuters, Bloomberg all publish articles with headlines "Furniture Prices Plummeted!"
BoC starts discussing measures to address deflation, such as introducing negative interest rates.
Prices dropping, month on month, is not deflation!
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