Heath Krevesky is a self-confessed political junkie and a bit of a nerd.
That's his way of explaining why he's been tracking his weekly grocery bill for years now. And why he's worried that inflation is taking a bigger and bigger bite out of his food budget.
"In 2019, it cost me $9,826 to feed myself. In 2020, that cost of feeding myself went to $11,994,an increase of 22 per cent," he said.
"I can't wait to find out how this year wraps itself out. It appears as though it's going to be close to $14,000 for a single individual to feed themselves."
Food prices. Gasoline. A meal out. The cost ofmanyeveryday items is going up after inflation hit 4.7 per cent last month the highest rate in nearly twenty years.
For Krevesky, higher prices means scaling back the menu and adjusting his tastes.
The resident of Nanaimo on Vancouver Island said he buysless meat these days, and when he does, he leans to beef ribs rather than steak.
"It's sort of like your poor man's choice of beef, if you will," he said during an interview for a special segment on inflation airing on this weekend's edition of CBC's The House.
"Everybody would like to be able to afford a prime rib, you know, on a semi-regular basis, I cannot afford that ... Ideally, I like to eat a little bit of beef or chicken, fish, throughout the week, so I get a balanced diet, but it's becoming increasingly more [expensive]."
16:57Whats causing Canadas inflation woes?
It's hard to point to a singlefactor behind rising prices.
Droughts in Canada and other countries reduced crop yields. The pandemic reduced production in manufacturing plants as consumers emerged fromlockdowns with money they're both willing and able to spend.
"What we're seeing around the world is supply chain bottlenecks," Finance Minister Chrystia Freelandsaidthis week when asked by a reporter if the Liberals' plan to spend another $100 billion on post-pandemic programs is to blame forthe jump in inflation.
"We are seeing higher energy prices. Energy is a global commodity. When those prices are higher in one country, they are higher around the world. We're seeing a basic challenge that shutting down the world's economy turned out to be a much simpler process than turning the global economy back on."
But for a government that remains relentlessly focused onwhat it likes to call "the middle class and those working hard to join it," inflation isn't some abstract economic concept. It's making life less affordable for those very same people.
Kathy Wainberg is the owner of Pita Ikram. She has two locations,strictly take-out, in the northwest corner of Toronto. Like many small restaurateurs, she struggles to hire staff andserve asteady stream of customers.
A few months ago, she put up a noticeletting customers know the prices of their favourite shawarma meals were going up by about 20 per cent.
"Things like oil that we use for frying food have, like, tripled in price," she told The House. "We waited to raise prices for as long as we possibly could but in the restaurant industry, the margins are razor thin, so we were unable to absorb maybe as much of the costs as the customer would have liked to have seen."
It's stories like these that makeinflation a convenient target for any opposition politician intent on linking government policy to rising prices.
Conservative finance critic Pierre Poilievre led the opposition charge this week. He accusedthe Liberal government of wanton spending, saying inflation is worse in this country than most other democratic countries because, like the United States, the Liberals have been "printing money to pay their bills" instead of controlling spending.
"The cost of government is driving up the cost of living. Almost a half a trillion dollars of inflationistLiberal deficits mean more dollars chasing fewer goods, driving higher prices," he said.
Poilievre is one of those politicians who can boil down complicated issues like fiscal policy into easily-understood soundbites, packaged with claims that Prime Minister Justin Trudeau is entirely out of touch with Canadians' lives.
"The prime minister says he doesn't think much about monetary policy," he said."That's no surprise. After all, it's 'Justin-flation.'"
But economist Trevor Tombe of the University of Calgary said Poilievre is stretching the data by suggesting inflation is worse in Canada than in places like Switzerland.
"I can cherry-pick countries, too. Israel has among the highest rates of money supply growth in the developed world, but among the lowest rates of inflation," he said.
"So overall, across all developed economies, there really isn't a strong relationship between the money supply growth and observed inflation."
Economist Armine Yalnizian acknowledges the Liberals aren't immune to the political impact of rising prices, even if the inflation rate now is more of a short-term spike than a long-term trend.
"Of course the Liberals are vulnerable to people feeling like they're losing purchasing power," she said.
Original post:
A 20-year spike in inflation could put the bite on the Trudeau Liberals - CBC.ca
- Fox News Anchor Comes Unglued, Berates 'Dumb' Liberal Colleague - The Daily Beast - April 27th, 2024 [April 27th, 2024]
- Mathew Chandy '24, College of Liberal Arts and Sciences - UConn Today - University of Connecticut - April 27th, 2024 [April 27th, 2024]
- Will No One Rid Me Of These Meddlesome -Isms: Thinking and Rethinking Liberalism - Front Porch Republic - April 27th, 2024 [April 27th, 2024]
- Why market demand doesn't capture the value of the liberal arts | Letters - Tampa Bay Times - April 27th, 2024 [April 27th, 2024]
- See what the students were wearing for the School of Liberal Studies at Savannah High prom - Savannah Morning News - April 27th, 2024 [April 27th, 2024]
- Is a $330000 liberal arts education still 'worth it?' - Los Angeles Loyolan - April 27th, 2024 [April 27th, 2024]
- Judge installed by liberal Democrats over centrist Hochul pick responsible for Harvey Weinstein ruling - New York Post - April 27th, 2024 [April 27th, 2024]
- Liberal Cities, Conservative Towns Seek Supreme Court's Help on Homelessness - The Wall Street Journal - April 27th, 2024 [April 27th, 2024]
- Luke Grimes on Yellowstones liberal critics: A lot of people see a cowboy hat and think, thats not for me - The Independent - April 27th, 2024 [April 27th, 2024]
- Liberal pundits really do have weekly meetings to 'shape' message on Trump - Washington Times - April 27th, 2024 [April 27th, 2024]
- Trump slams 'Bidenomics' ahead of court, claims to have a 'good chance' of winning liberal state - Fox News - April 27th, 2024 [April 27th, 2024]
- Ones a Conservative, Ones a Liberal. Heres Their Secret to Friendship. - InsideHook - April 27th, 2024 [April 27th, 2024]
- Bill Cotterell: What? NPR is liberal? Say it ain't so - Tallahassee Democrat - April 27th, 2024 [April 27th, 2024]
- Orban: Hungary is island in the European progressive liberal ocean - bne IntelliNews - April 27th, 2024 [April 27th, 2024]
- NY Times keeps spotlight on NPR crisis on heels of Uri Berliner blowing whistle on liberal bias - Fox News - April 27th, 2024 [April 27th, 2024]
- CPAC Hungary: ex Polish PM Morawiecki warns of "destructive ideas of liberal elites" - Notes From Poland - April 27th, 2024 [April 27th, 2024]
- The biggest threat to freedom in the West is liberalism itself - The New Statesman - April 27th, 2024 [April 27th, 2024]
- Letter: NPR Editor Berliner reveals liberal bias of network - Arizona Daily Star - April 27th, 2024 [April 27th, 2024]
- Chicago native says residents livid over liberal mayor's new migrant funding, ready to vote for Trump - Fox News - April 27th, 2024 [April 27th, 2024]
- Ontario Liberal leader says Dresden landfill project could be nixed with 'stroke of a pen' - The Chatham Daily News - April 27th, 2024 [April 27th, 2024]
- Opinion: The Liberals' immigration policies have accomplished the opposite of what was intended - The Globe and Mail - April 27th, 2024 [April 27th, 2024]
- At Issue | Was the Liberal budget a bust with Canadians? - CBC.ca - April 27th, 2024 [April 27th, 2024]
- Have the Liberal Arts Gone Conservative? - The New Yorker - March 12th, 2024 [March 12th, 2024]
- Letters to the Editor: 'I see myself in Katie Britt' what liberal critics missed in the senator's response - Los Angeles Times - March 12th, 2024 [March 12th, 2024]
- Even when it criticizes Israel, the liberal world is not against us - opinion - The Jerusalem Post - March 12th, 2024 [March 12th, 2024]
- Former Trump Aide Alyssa Farah Griffin Becomes a Liberal Favorite - The New York Times - March 12th, 2024 [March 12th, 2024]
- Renowned author, liberal arts proponent to deliver annual Lester Lectures - Mercer University - March 12th, 2024 [March 12th, 2024]
- NYU to Host Zaheer Ali at the Annual Liberal Studies Student Research ColloquiumApril 5 - NYU - March 12th, 2024 [March 12th, 2024]
- Power to the Neighborhoods!: New York City Growth Politics, Neighborhood Liberalism, and the Origins of the ... - Joint Center for Housing Studies - March 12th, 2024 [March 12th, 2024]
- Canada's Conservatives back NDP-Liberal anti-scab legislation that undermines the right to strike - WSWS - March 12th, 2024 [March 12th, 2024]
- The Surprising Left-Right Alliance That Wants More Apartments in Suburbs - The New York Times - March 12th, 2024 [March 12th, 2024]
- PARKER: Clarence Thomas, liberal racism and the ongoing denigration of Black conservatives - Kankakee Daily Journal - March 12th, 2024 [March 12th, 2024]
- Liberal Media Scream: Hollywoods freaks over Trump - Washington Examiner - March 12th, 2024 [March 12th, 2024]
- Why liberals failed in the fight against antisemitism - JNS.org - March 12th, 2024 [March 12th, 2024]
- Liberal Renew manifesto sneak peek and bits from Bucharest congress - EURACTIV - March 12th, 2024 [March 12th, 2024]
- Katie Britt calls on liberal media 'to pay attention' to border - 1819 News - March 12th, 2024 [March 12th, 2024]
- Liberal truck wash cited $171k for OSHA violations - KSN-TV - March 12th, 2024 [March 12th, 2024]
- Over 30,000 Killed in Gaza, but Even Israel's 'Liberal Left' Says: That's War - Opinion - Haaretz - March 12th, 2024 [March 12th, 2024]
- Liberal Man Injured in Beaver County Accident - KSCB News.net - March 12th, 2024 [March 12th, 2024]
- What is the Market's View on China Liberal Education Holdings Ltd (CLEU) Stock's Price and Volume Trends Monday? - InvestorsObserver - March 12th, 2024 [March 12th, 2024]
- German liberals send defence expert into tripartite EU election leadership team - EURACTIV - March 12th, 2024 [March 12th, 2024]
- Ramaswamy warns liberal justices 'buying political latitude' with 9-0 ruling as more Trump cases lie ahead - Fox News - March 12th, 2024 [March 12th, 2024]
- How much of this is propelled by white liberal guilt from executives?: Gutfeld - Fox News - March 12th, 2024 [March 12th, 2024]
- Liberals and the Libel of Christian Nationalism - The Imaginative Conservative - March 12th, 2024 [March 12th, 2024]
- Liberal Arts & Science Academy - Austin extends home winning streak to seven - MaxPreps - March 12th, 2024 [March 12th, 2024]
- Liberal Racism and the Denigration of Black Conservatives - Daily Signal - March 12th, 2024 [March 12th, 2024]
- Watchdog group exposes radical, liberal ideology of school-based health centers - The Lion - March 12th, 2024 [March 12th, 2024]
- What happens when a liberal learns her family owned slaves? - Leader & Times - February 11th, 2024 [February 11th, 2024]
- Is it Liberal Arts, Without the Arts? - Xavier Newswire - February 11th, 2024 [February 11th, 2024]
- Quebec Liberal Party would be more popular with Denis Coderre at the helm: poll - Montreal Gazette - February 11th, 2024 [February 11th, 2024]
- Maine's Liberal Members of Congress Stand by Biden After Disastrous, Confused Press Conference - The Maine Wire - February 11th, 2024 [February 11th, 2024]
- Liberal Media Scream: Kristen Welker likes to lecture Republicans, too - Washington Examiner - February 11th, 2024 [February 11th, 2024]
- Australia's only Liberal government lives on - for now - Yahoo News Australia - February 11th, 2024 [February 11th, 2024]
- Liberal institutions are the threat to liberal institutions Claudine Gay is warning about - Washington Examiner - January 10th, 2024 [January 10th, 2024]
- Elon Musk, the "free speech absolutist" kicks liberal journalists off Twitter - Daily Kos - January 10th, 2024 [January 10th, 2024]
- Liberal Arts and studies in humanities under attack on college campuses - The Community Word - January 10th, 2024 [January 10th, 2024]
- Liberal candidate for federal byelection planned to run for Conservatives last year - National Post - January 10th, 2024 [January 10th, 2024]
- Bill Barton: 'The Liberal by the Bay' - Redheaded Blackbelt - December 7th, 2023 [December 7th, 2023]
- OPINION | Female-dominated liberal arts imperative in male-dominated tech world - Tulane Hullabaloo - December 7th, 2023 [December 7th, 2023]
- Dean of the College of Liberal and Fine Arts job with Tarleton State University | 37572379 - The Chronicle of Higher Education - December 7th, 2023 [December 7th, 2023]
- Laughing Stock: 'A liberal agenda' may not be what you think - Tucson Weekly - December 7th, 2023 [December 7th, 2023]
- Justin Trudeau plays the Trump card - POLITICO - POLITICO - December 7th, 2023 [December 7th, 2023]
- Norman Lear, Producer Of TV's 'All In The Family' And Influential Liberal Advocate, Dies At 101 - Newstalk 750 - 103.7 ... - KFQD - December 7th, 2023 [December 7th, 2023]
- Kremlin Taps Liberal Businessman to Oppose Putin in 2024 Election Report - The Moscow Times - December 7th, 2023 [December 7th, 2023]
- Norman Lear, producer of TV's 'All in the Family' and influential liberal advocate, has died at 101 - WV News - December 7th, 2023 [December 7th, 2023]
- MoveOn Carries Out Layoffs as Liberal Groups Struggle to Raise Money - The New York Times - December 7th, 2023 [December 7th, 2023]
- Norman Lear, producer of TV's 'All in the Family' and influential liberal advocate, has died at 101 - El Paso Inc. - December 7th, 2023 [December 7th, 2023]
- UW System President suggests universities with high numbers of low income students should shift away from liberal arts - Wisconsin Examiner - December 7th, 2023 [December 7th, 2023]
- Norman Lear, producer of TV's 'All in the Family' and influential liberal advocate, has died at 101 - The Caledonian-Record - December 7th, 2023 [December 7th, 2023]
- Israels representative in New York resigned to protest Netanyahu. Now hes got some tough words for liberal New York Jews. - Forward - December 7th, 2023 [December 7th, 2023]
- Neal Milner: Watch That Swinging Door, Liberals, Lest It Hit You On The Way Out - Honolulu Civil Beat - December 7th, 2023 [December 7th, 2023]
- The Liberal Answer to Cancel Culture - Manhattan Institute - November 8th, 2023 [November 8th, 2023]
- Study: Liberal US priests facing 'progressive' extinction - The Pillar - November 8th, 2023 [November 8th, 2023]
- Liberal Jewish U.S. Groups Are Walking an Oh-So-Thin Tightrope - The New Republic - November 8th, 2023 [November 8th, 2023]
- Why a liberal arts degree is often a ticket to career success - USC Dornsife College of Letters, Arts and Sciences - November 8th, 2023 [November 8th, 2023]
- Open Forum: In their time, founding fathers were liberal - The Winchester Star - November 8th, 2023 [November 8th, 2023]
- Liberals announce National Campaign Committee Co-Chairs - Liberal Party of Canada - November 8th, 2023 [November 8th, 2023]
- UT College of Liberal Arts hosts panel about Senate Bill 17 - The Daily Texan - November 8th, 2023 [November 8th, 2023]
- Liberal Arts student uses platform to educate others on the ... - Pennsylvania State University - November 8th, 2023 [November 8th, 2023]
- Stanford celebrates 50 years of Structured Liberal Education ... - Stanford University News - November 8th, 2023 [November 8th, 2023]