Is inflation really under 2%? It doesn't feel like it.

3 years ago
2

Inflation is sold as necessary and the Bank of Canada aims to keep inflation around the 2% mark. They measure inflation with a basket of good and they measure how these items rise in price. We are told inflation is really low and that we will see low interest rates for awhile. Bank of Canada will continue to stimulate the economy with low rates and concurrently keep inflation below 2%. But is the current 1% inflation rate REALLY accurate. I feels a lot higher to me. Just look at real estate, gold, gas, groceries or eating out. Real estate prices doubling in a few short years doesn't feel or look like 1% to me.

My two cents.

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