|Years||Total Inflation||Core Inflation|
I live in Ontario where the cost of Electricity has been a problem of awful government policies for years. My Electricity has gone up for me by 22.2% between 2015 and 2016. My increases over the past 3, 5 and 10 years are at 6.23% per year, at 3.60% per year and 4.77% per year.
I find that food is also raising much higher than what is said to be the inflation rate. In 2016 I spent 17.5% more on food than in 2015. My increases over the past 3, 5 and 10 years are at 11.7% per year, at 7.1% per year and 4.7% per year. Since I generally buy fresh rather than pre-packaged food, the changing CDN$ to US$ could be a big factor. Our dollar is declining against the US$ and we do get fresh food in non-summer months from the US.
Cable, Internet and Phone also seem to be an area where prices are rising quickly. These bills were up by 9.4% in 2016 compared to 2015. My increases over the past 3, 5 and 10 years are at 9.2% per year, at 2.2% per year and 5.7% per year.
I would think that these items would be core items in anyone's budget. The food inflation will affect my budget much more than the other items. I spend just over 10% of my budget on food, just over 1% of my budget on electricity and for the Cable, Internet and Phone combo I spend just under 3% of my budget.
On my other blog I wrote yesterday about Methanex Corp. (TSX-MX, NASDAQ-MEOH)... learn more. Tomorrow, I will write about Magna International Inc. (TSX-MG, NYSE-MGA)... learn more on Friday, December 30, 2016 around 5 pm.
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