Inflation rate

Just for shits and giggles, I looked at the statitics Canada website for the past increases in the M3 money supply for Canada. This is the total of all monies in the system, and a future predictor of the real inflation rate. You can see the average increase in year over year for the four years shown is 7.5%. So you can see where future inflation and CPI will be. I'm quite sure we all want a 30% rate hike over a 4 year period. Maybe I'll be off grid by then.

.............2004.........2005.........2006...............2007..........2008

M3.....860,201...943,546......1,013,552......1,123,871......1,258,260 (millions $)


2004 to 2005 = 9% increase
2005 to 2006 = 6% increase
2006 to 2007 = 7% increase
2007 to 2008 = 8% increase

reference : http://www40.statcan.gc.ca/l01/cst01/econ07-eng.htm
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As an added kicker, the saving to residential customers from the recent press release, will probably take about 15 years. But after the first five years, the inflation rate, CPI, new transmission costs, excess over the heritage pool, power produced from burning oil when HQ tells NB Power to dispatch it, etc. should negate any savings from non existent rate increases during the first five years.
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