Increases in the cost of transportation and shelter, drove the inflation rate up 1.5% in Canada in December, according to figures released by Statistics Canada on January 20th. A decrease in the cost of food in December (the third consecutive month) helped keep the overall increase in consumer expenses lower than expected. Economists had predicted a 1.7% increase. The Consumer Price Index in Ontario was up 2% from 2015, driven by an 11.2% surge in prices for electricity and a 7.4% increase in the cost of buying a home.
So, there it is folks, slight improvements like the decline in the cost of food do minimal good. We socialists, want to do maximum good, such as abolishing the source of the above figures.
Steve and John
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