Juno News - Life is getting more expensive

00:00:00.000 inflation is one of the biggest stories in canada right now statistics canada just releasing their

00:00:10.240 new numbers for october showing that inflation hit 4.7 percent year over year that's the average

00:00:17.280 consumer price increase over the past 12 months 4.7 percent for all goods averaged over but a lot

00:00:24.600 of people know that it's a lot higher when it comes to the things that they are purchasing the

00:00:30.020 things that they're seeing the things that they buy because we're used to hearing all these reports

00:00:34.680 out from statistics canada and economists about what's going on in the economy and a lot of times

00:00:39.560 it's very abstract it doesn't really necessarily involve our day-to-day lives but right now the

00:00:45.600 conversation around inflation you better believe it's hitting people where it matters at the wall

00:00:51.040 they're seeing it people are telling their stories their anecdotes about going to the grocery store

00:00:55.260 and going well hold on a second i've known for a couple years that that this product that i regularly

00:00:59.640 buy it's always this much or that much on sale or what have you and now it's gone up by that much

00:01:05.880 and then when i look at all these other products i'm looking at five or ten products i buy every week

00:01:10.840 or more than that they've gone up how much more am i paying in my weekly grocery bills on my monthly

00:01:16.180 grocery bills people are really seeing it they're really feeling it speaking about seeing it when

00:01:21.020 you drive by the gas station every day you really see those prices going up so some goods not going

00:01:26.360 up a lot which is what brings us to that 4.7 percent but other goods like meat going up over

00:01:32.200 10 percent now for people who are doing okay it's just frustrating i guess to see these prices go up but

00:01:38.040 for folks who haven't had a raise recently for folks who are just scraping by i mean this really

00:01:43.420 takes a dent into things policy makers they gotta be more attuned to this because government they

00:01:49.400 always like to talk about what more can we do in terms of just taking government money and throwing

00:01:53.780 it here and throwing it there uh justin trudeau and others were just at the paris uh at the glasgow uh

00:01:59.640 climate conference there uh the cop 26 talking about how we need a global carbon tax and you've got

00:02:05.400 people talking about how we we got to increase that carbon tax or we got to bring in the second

00:02:09.520 carbon tax the clean fuel standard some people even talking about a meat tax can you imagine

00:02:14.240 bringing in a meat tax at this point when we're seeing the price of meat already soaring i think

00:02:19.780 all of this stuff they just need to put a time out on it they need to shelve their enthusiasm for

00:02:24.900 doing all of these government initiatives that really just make life less affordable for canadians

00:02:30.220 and they've got to look at the fact that life is becoming less affordable right here right now day-to-day

00:02:36.160 people are seeing it they're talking about it they're getting frustrated about it and is the answer

00:02:41.200 more government handouts i don't think so because there's been a lot of reports about how all of the

00:02:46.080 pandemic spending while a lot of it was necessary for a number of individuals well it had its

00:02:51.300 distortionary effects on the economy and inflation to a large degree is being fueled by a lot of that

00:02:57.700 so inflation cost of living big issues for a lot of people in canada right now we got to talk about it more

Juno News - November 18, 2021