Canadian inflation up to 2.4% as seven of the eight major componenents of the CPI show price increases

Canada inflation is picking up.  It is now up to 2.4% and climbing.  In Europe they are dealing with 3-5% inflation with more to come from commodities prices rising.  US is dealing with 2%+ inflation in spite of what the CPI says. 

All the while, everyone tells us that the monster in the closet is deflation.  Isn't lower prices good for consumers?  Meanwhile, they are all lying to us telling us that prices are not rising, meanwhile, our pocketbooks tell us otherwise when we go to the market or pump gas.  Once the world realizes that inflation is really here, it will be too late to put the genie back in the bottle.  Via Statcan:

Consumer prices rose 2.4% in the 12 months to December, following the 2.0% increase posted in November. The 0.4 percentage point gain was mainly a result of higher gasoline prices.

Prices increased in seven of the eight major components of the CPI in the 12 months to December. The only exception was clothing and footwear.
Source: Statcan


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