Inflation at 1.2% in Canada
Inflation fell back to 1.2% in January for the year, which is not too shabby, given the high price of gas, heating and electricity. In December it was 1.6% so it dropped, which is great news for the Consumer.
Dropping gasoline prices is what seems to be helping keep inflation lower, since housing prices and food prices are both fairly high these days. Inflation is highest in Alberta, but that is a classic example of an economy that is overheating.
Alcoholic beverages are going up in price too, which doesn’t make me happy, but I guess since it’s Lent, it doesn’t matter right now.
More on this topic
(What's this?)
Jim Rogers Says Massive inflation is Coming
(Kirk's Market Thoughts, 10/26/08)
Two years out: Deflation or Inflation?
(Confused Capitalist, 11/3/08)
Misery Breaks Out
(Financial Armageddon, 10/29/08)
Consumer Inflation Falls More Than Expected
(Hard Assets Investor, 11/19/08)
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