May 18, 2006
ARTIFICIAL OIL PRICES DO NOT INFLATION MAKE:
Canadian inflation edges up (TAVIA GRANT, 5/18/06, Globe and Mail)
Canadian inflation quickened to a 2.4-per-cent annual pace last month, although cheaper imports sent core prices unexpectedly lower, Statistics Canada said Thursday.Posted by Orrin Judd at May 18, 2006 9:59 AMWhile overall inflation rose on higher gasoline prices, core consumer price inflation – which strips out the eight most volatile items in the index – unexpectedly cooled. Core prices, which have been stable over the past eight months, eased to 1.6 per cent from 1.7 per cent.
Comments
Amazing how, once the markets demanded that goverment bonds ajust for inflation, all the fun went out of it....
Posted by: Robert Mitchell Jr. at May 18, 2006 12:14 PM