zedtronic

“Well, when the president does it, that means that it is not illegal” - Richard Nixon

In addition to the other replies you got, if you’re interested there’s a book called It Came From Something Awful that explains a lot of internet history.

If someone is a slave, there is no incentive to learn new skills.

Free will is an illusion created by Sweet Baby Ray

You could say it a lot, so people make sure you’re very human in design.

I agree, but I struggle to put my finger on why. Is it their refusal to use any other words for Truman or The Truman Show? That read as really repetitive to me.

Hey wait I’ve seen this one before!

“ The dotcom bubble burst when capital began to dry up. In the years preceding the bubble, record-low interest rates, the adoption of the Internet, and interest in technology companies allowed capital to flow freely, especially to startup companies that had no track record of success.”

To me it makes perfect sense that they are more granular during times when volatility is up and inflation is a concern. Otherwise everyone would be (rightfully) complaining that they are using outdated models when inflation needs to be gotten under control.

Besides, the new weighting is public. It didn’t change all that much. I’m not going to run the numbers but the napkin math says 1) it wouldnt significantly change the headline rate and 2) it wouldnt change what we take away: it’s artificially lowered by volatile items like gasoline, and underlying consistent categories are still too hot for the BoC. So while it’s true that the headline rate is “bullshit”, it’s not because they changed the weighting.

Changing the formula isn’t a problem, it changes all the time (and SHOULD change all the time). In my opinion the problem is the choice of headline from CBC. Even the article acknowledges the headline inflation rate is being influenced downwards by volatile items, and that economists as well as the BoC don’t really care what the headline rate is. All eyes are still on the underlying “warm” parts of more consistent categories.

For reference here is the new basket weights of the CPI. Updated with the release of the May 2023 data. And here is the HCFE data that they used to update the weightings.

True but the government can take legislative measures that would decrease inflation, and so it wouldn’t be necessary to raise rates.

#1 rule on the internet: don’t feed the trolls. Downvote them, block them, move on. They’re not here to engage in good faith.

Although a little outdated being from Nov 2022, Statistics Canada has a great breakdown of what contributes to the rising costs of food beyond transportation costs.

I’m not saying corporate profit-taking isn’t affecting prices or that we shouldn’t do anything about it, just that there’s a lot going on here. Last time I looked Loblaw’s profit margin had increased from 2% to 3% from 2020-2023. A 50% increase is a lot and I think they’re scum for doing that, but it doesn’t explain the overall ~30% increase in food prices.