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submitted 1 year ago by mxwarp@lemmy.ca to c/canada@lemmy.ca

Excluding gasoline, headline inflation would have been 4.0% in June, following a 4.4% increase in May.

Canadians continued to see elevated grocery prices (+9.1%) and mortgage interest costs (+30.1%) in June, with those indexes contributing the most to the headline CPI increase.

The all-items excluding food index rose 1.7% and the all-items excluding mortgage interest cost index rose 2.0%.

https://www150.statcan.gc.ca/n1/daily-quotidien/230718/dq230718a-eng.htm?HPA=1

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[-] dom@lemmy.ca 3 points 1 year ago

I wonder if it's because of what they are including in their percentages. Like, if meat, cheese, eggs, and produce skyrocketed, but a ton of processed garbage didn't, then it'll make the numbers look lower than it is in practice.

[-] Showroom7561@lemmy.ca 2 points 1 year ago

Yeah, that's entirely possible!

[-] Jason2357@lemmy.ca 2 points 1 year ago

Yes, a grocery store contains thousands of items, and as always, inflation hits the necessities worst, and luxuries the least (because demand for the latter is "elastic").

this post was submitted on 18 Jul 2023
54 points (100.0% liked)

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