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?)
Ask The Expert with Larry Swedroe, January 2009 Issue
(Moolanomy, 12/30/08)
Stocks Trade Down on Inflation Worries
(Top Gun Financial Planning, 2/22/07)
Hyperinflation in action (and a nominee for photo of the year)
(Option ARMageddon, 12/4/08)
Fed Out of Ammo; Dollar is Toast
(Blogging the Commodity Bull Market, 12/17/08)
Related Articles
- Inflation Lower?...
- Inflation at 1.8%...
- Inflation at 2.5% Core Inflation still in check?...
- Inflation Jumps for April to 1.7%...
- Inflation at 1.7%, Holy Cow!...
Related posts brought to you by Yet Another Related Posts Plugin.
Leave a Reply