The May to May inflation numbers are coming out this morning, and
it's going to be bad: I've seen, 7.4% suggested because transportation
costs are going up. Taking a bit of perspective, I compute, below, inflation
going back three years, giving a yearly average of...3.3%:
Fine, I'm blabbering...Let's wait!
* * *
7.7% for Canada, 7.5% for Quebec.
* * *
This is how income programs for Seniors are indexed. The 'Rentes du Quebec'
follows the same calculations as the CPP, from November Year 1 to October Year 2.
With changes applied from January. OAS/GIS gets adjusted on a quarterly basis,
with the annual re-set in July. (Benefit levels vary with amounts received from
private income, including CPP).
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