According to state institutions, Canada’s inflation rate is 4.7%. Many doubt that number, as the rise in prices appears to be much higher, and it is well-known that statist politicians have a clear interest in downplaying inflation and keeping the reported number as low as possible.
Whatever the true rate is, it is clear that prices are rising quite rapidly.
However, even that is a bit of a misnomer.
It’s not really that ‘prices’ are going up, rather the value of our money is going down.
