Wednesday, July 31, 2013

Canada's GDP and Inflation in May 2013.

This morning, there was a story about Canada's GDP for May 2013 being up 0.2% on the previous month.  

A quick bit of investigation led me to the real figure (unrounded) of 0.24%.  As I looked at that figure, it looked vaguely familiar.  Something else was 0.24% in May this year as well.

Ah, there it is...

Yes, the increase in GDP is equal to the increase that prices went up in the same period.

Enough said.