A week ago Stats Canada published their Consumer Price Index for the year ending May 2015, and the number they published was that the basket of articles that make up the CPI were up 0.9% year over year.
Given that Food is up it’s normal 3.8% year over year, how is the index only up 0.9%? You guessed it, Gas and energy prices (that complete Index was down 11.8% year over year):
- Gasoline was down 17.4% year over year, but that will be changing with Gas prices going back up this month.
- Natural Gas was down 14.4% for the year ending in May as well (not sure about those prices whether they are going up and such).
- It’s not all good news though, Electricity is up 1.0% so not all of the energy index is down
Without this portion of the index, the actual CPI is up 2.2% year over year. More fun with numbers folks.
As this graph shows, the real CPI has been running about 2.0% or higher for a while. To see a better graph on what parts are going up and down, I present this interesting piece of data:
Christmas Wishes from the Past
I seem to do this a lot, so here are my Christmas wishes from years gone by:
- Merry Christmas 2020 ! Do you see the pussy cat in the tree? An odd year with a Pandemic and all. Christmas All Year Round ? Yes, it does feel like that these days doesn’t it? The 12 Days of Christmas Debt ? What the heck ? That isn’t Christmasy at all!
- Merry Christmas 2017 ! That was a year of fun videos that I found to help celebrate the holiday. Love that old CFCF fill.
- Merry Christmas, Highspeed Internet a right, Inflation at 1.2 and #MoneyTalk 2016 ! Sheesh, I couldn’t even be bothered to send a message that year, how Grinchy.
- Merry Christmas 2014 ! A lovely quote from the King James bible for that year. Seem to have done nothing for 2015. This year I even had a Christmas Eve post.
- Happy Christmas 2013 ! I loved the photos of every years Christmas Tree, very festive. Another Christmas Eve post too.
- Merry Christmas 2012 ! You see the hideous curtains we had in the den back then. That year we had the $150 Christmas challenge too.
- Merry Christmas 2011 ! The tree moved back to the front room and I used Google Translate to create a festive message. Think I was on French training that year. Also At Christmas Why Not Just Give Cash ?
- Merry Christmas 2010 has some very deep philosophical commentary in it. Must have been hitting the Christmas cheer early. Christmas Eve that year must have been a Friday.
- Merry Christmas 2009 and all you got was an NFB short? Not that bad really. There was also Christmas Eve thoughts too.
- Merry Christmas 2008 ! That was the year of the infamous Financial Advent Calendar too.
- A few last Yuletide Thoughts was what I had in 2007.
- Merry Christmas 2006 ! A quieter year I suppose.
- Whatever little money you have, make sure you spend it… was my first year writing here. Quite gruff and grinchy.
Bank of Canada’s core index
As we all know, the CPI by itself is only data, however, the system that uses this data (or one of them) is the Bank of Canada, and they will adjust interest rates accordingly, if they feel that inflation is “out of control”, so what does the Bank of Canada think ?
The Bank of Canada’s core index increased 2.2% in the 12 months to May, after rising 2.3% in April.
CPI Reports for 2015 so far
The reports for this year so far: