Quote:
Originally Posted by MarchHare
I'm pretty sure inflation in Calgary over a 25-year period (the time frame cited in the article) is greater than 2.9%.
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I suspect though that they may have used the 5% growth number as a real income value (pre-adjusted to inflation). Media loves to play with numbers when they get and a real income growth will undoubtably be much smaller than a nominal income growth, despite how similar they sound when presented.