Quote:
Originally Posted by CliffFletcher
Inflation has seriously messed with Canadians’ heads. Especially those who have no adult experience of anything but the ultra-low inflation rates of the last 20 years.
Recent inflation rates
2023: 3.9 per cent
2022: 6.8
2021: 3.4
2020: 0.7
2019: 1.9
2018: 2.3
2017: 1.6
2016: 1.4
2015: 1.1
2014: 1.9
Now imagine we’re having this discussion in 1983
1982: 10.8
1981: 12.5
1980: 10.1
1979: 9.1
1978: 8.9
1977: 7.9
1976: 7.5
1975: 10.7
1974: 11.0
1973: 7.5
That doesn’t account for housing. But the fury over the cost of living and our recent bout of inflation seems excessive. Our parents and grandparents endured much worse for much longer.
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If it doesn’t account for housing then it’s completely useless. It’s by far the most expensive thing in any persons life.