VANCOUVER, BC, May. 2, 2013/ Troy Media/ – A rebound in manufacturing output and business surveys at the start of the year is waning. Growth momentum is weakening according to April PMI (Purchasing Managers Index) surveys with the flash manufacturing PMI readings lower in the U.S., China, and the Euro area.
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CALGARY — Consumer prices in Alberta were on the rise at a higher rate than the rest of the country in March, according to Statistics Canada.
The federal agency reported Friday that its Consumer Price Index in Alberta rose by 0.3 per cent from February and was up 1.2 per cent year-over-year.
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Critics of sustained easy monetary policy in the United States often cite the potential for a surge in inflation down the road.
The real problem right now though, according to B of A Merrill Lynch economist Ethan Harris, is actually the opposite – disinflation (positive, but falling inflation rates).
Read more: http://tinyurl.com/cxlr2yg
While inflation seems to be on everyone’s mind these days, misconceptions abound. Indeed, few concepts in economics are as misunderstood as inflation. This month I take a look at some common questions about inflation, and a few that I wish more people were asking.
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Statistics Canada says February had the biggest monthly increase in consumer prices in more than 20 years, as the cost of consumer goods jumped from January.
The annual inflation rate jumped 0.7 percentage points to 1.2 per cent in February, a bigger increase than economists had expected.
Read more: http://tinyurl.com/bnkpowg
OTTAWA (Reuters) – Canada’s annual inflation rate in January dropped to a three-year low of 0.5 percent from 0.8 percent in December, largely due to lower gas prices, Statistics Canada said on Friday.
The rate is less than the 0.7 percent predicted by market analysts and far lower than the Bank of Canada’s 2.0 percent target, offering further proof that the central bank is under no pressure to raise interest rates. The annual rate was the lowest since the 0.1 percent recorded in October 2009.
Read more: http://tinyurl.com/awqh7wv
CALGARY — Alberta’s annual rate of inflation was the lowest in Canada in December, according to Statistics Canada.
The federal agency reported Friday that the Consumer Price Index was flat with no change in the 12 months to December in the province.
Meanwhile, in Canada, overall inflation rose by 0.8 per cent year-over-year.
Read more: http://tinyurl.com/anwcrv4
The United States, Greece, France, Japan, and most other countries spend much more than they collect in revenue as calculated on a cash basis without accounting for the much larger unfunded liabilities promised to Social Security, Medicare, and Pension recipients. This means the official national debt increases rapidly – by about 12% per year for the last five years in the United States. Revenues are flat or slowly increasing, and debt is rapidly increasing! Congress acts as if this can continue forever. What could go wrong?
Read more: http://tinyurl.com/by34rdg
CALGARY — City hall’s homegrown inflation rate, a key formula for setting civic budgets and now property tax hikes, is a pioneering tool other cities have tried to emulate.
What does this exact balance of factors for Calgary’s municipal price index have in common with the KFC colonel’s blend of 11 herbs and spices? It, too, is a closely guarded secret.
Read more: http://tinyurl.com/cbdzcp2
There seems to be tremendous confusion between asset price inflation and consumer inflation. “Printing Money” or expanding the Federal Reserve’s balance sheet, has caused asset price inflation. Specifically, the price of financial assets (stocks, bonds) and real assets (commodities, real estate, gold) have all risen as a result of the FED’s actions.
Read more: http://tinyurl.com/aexceo3