ANALYSIS | There's now a Bank of Canada number for carbon tax's impact on inflation. It's small (www.cbc.ca)

submitted 2 years ago by sik0fewl@kbin.social to c/canada@lemmy.ca

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Conservatives argue the Liberal government's climate measure drives up the cost on everything. The inflation-watching head of the central bank offered some perspective on this.

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[-] Nouveau_Burnswick@lemmy.world 1 points 2 years ago

Food prices rise 1.2% in 2013, a low increase to be sure, and below projections (1.5-3.5%) but not a decrease. Overall CPI went up 0.9% for context.

[-] Rocket@lemmy.ca 1 points 2 years ago* (last edited 2 years ago)

We just got finished covering how the consumer price lags the production issues, and then you go look up consumer prices for the same year as the production issues? Short memories be short, I guess.

[-] Nouveau_Burnswick@lemmy.world 2 points 2 years ago

I apologized, I misinterpreted your comment to mean prices in 2013 fell, not supply issues in 2013 cause food inflation caused spikes/drops later.

Ignoring the COVID years, food inflation was pretty stable at 1-3% from 2010 on. That is a north american figure, so there can obviously be regional differences.