Re:If wages are to rise, workers need more bargaining power
by mistermann on Wednesday June 06, 2018 @10:02AM
(#17247197)
> Rising rent will absolutely be in the inflation number. Sure, it might not be correct if you live in a big city where rents have risen way beyond inflation numbers, but it's good on average.
This assumes the numbers accurately represent reality. Here in Canada, the shelter component of our CPI numbers do not reflect at all the massive price inflation that has been occurring in both buying and renting shelter.
If one was to take their numbers at face value, you would conclude that shelter price inflation is generally consistent with all other goods, and that it has been consistent across all regions, neither of which is true.
This assumes the numbers accurately represent reality. Here in Canada, the shelter component of our CPI numbers do not reflect at all the massive price inflation that has been occurring in both buying and renting shelter.
https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=181000...
If one was to take their numbers at face value, you would conclude that shelter price inflation is generally consistent with all other goods, and that it has been consistent across all regions, neither of which is true.