2013 GOVERNMENT COST OF LIVING INCREASE

GOVERNMENT COST OF LIVING INCREASE

Cost of living increase

Five months have gone into the year, nearly three months have passed since the last election, and we are still waiting for the cost of living increase promised in the last budget. … Has the change in Government brought a change in the way of doing …
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Operating a business in Ontario and living here too; we are feeling the pain at the pump, grocery store and everywhere else for that matter, just as much as you are!

You would think that this would be the NUMBER ONE issue that our politicians would be discussing this election season.

After reviewing the recent Consumer price index, published by Statistics Canada, you will be shocked by some of the highlights: 1. Consumer prices rose 3.3% in the 12 months to March, the largest year-over-year increase since September 2008. 2. Energy prices increased 12.8% during the 12 months to March, following a 10.6% advance in February. 3. Gasoline prices increased 18.9% in March, following a 15.7% gain in the 12 months to February. Prices for fuel oil and other fuels increased 31.3%, while electricity prices rose 4.3%. 4. Prices for food purchased from stores rose 3.7% in March, the largest year-over-year advance since August 2013. This increase follows a 2.0% gain in February. 5. Other items that contributed significantly to the pickup in prices were travel services, clothing and the purchase of passenger vehicles. 6. The CPI points out the most volatile components (fruit, fruit preparations and nuts; vegetables and vegetable preparations; mortgage interest cost; natural gas; heating oil and other fuels; gasoline; inter-city transportation; and tobacco products and smokers’ supplies) as well as the effects of changes in indirect taxes on the remaining components.

In Ontario we are more heavily taxed than any other province in the country and in Toronto, we are taxed more heavily than any other City in the country – but it seems that the skyrocketing cost-of living increases have affected Canadians across the board.

Consumer prices rose at a faster rate in every province in March compared with February, year over year.

Gasoline continued to be a major factor contributing to the increase in consumer prices in all provinces.

In Ontario, consumer prices rose 3.6% in the 12 months to March, after advancing 2.5% in February. Gasoline prices in Ontario rose 20.4% in March, following an 18.3% increase in February. Prices for food purchased from stores increased 3.6% in March, after advancing 1.8% in February. Higher prices were observed for fresh vegetables as well as for bakery products.

Short of a miracle or another recession, it doesn’t look like prices will be going down anytime soon, so get out your pen and paper and start writing your politicians. Otherwise, you can get your budget out and find some places to trim to accommodate these increased costs of living. For more information visit www.trueassess.com.

GOVERNMENT COST OF LIVING INCREASE

I would like to know what percentage cost of living increase to ask for to cover the years 2005- current 2008? I have not recieved anything over these years and am planning to ask my employer for a raise, but I need to know how much to ask for to bring my pay into the present day. Please help.

Answer by sam
5-10%
Many jobs give 5% raises every year.
So between 5-10% would be fair. I wouldn’t expect much more than that, especially in one chunk, that’s a lot to ask from an employer.

Answer by nevillepker
I’ve heard 3% is the standard for a normal year, but some of those years haven’t been normal. The cost of health insurance has gone up greatly in that time for many people. If it did for you, that is something to consider (make sure it isn’t your employer paying that raise for you). The price of gas will effect everything soon. Everything you buy uses fuel to have it brought to your store by truck, and usually to produce it as well. These costs will be passed on to consumers soon (some already) and will be passed on to you. The cost of fod has already gone up. I’d say the percentage has been at least 3 to 7% over the last few years, each year.

Answer by my16paws
It really depends are were you live. Cost of living tables can be found at the following Government site for US

http://www.bls.gov/CPI/

From there you can see the year to year increase in CPI from 1982 = $ 100.00. Just look at the Annual Average for your areas between each set of years 2004-2005 (for your 2005 raise) 2005-2006 for your 2006 raise and 2006-2007 for your 2008 (current) increase. Calculate the % change for each year and that should be your raise to keep up with the cost of living.

Operating a business in Ontario and living here too; we are feeling the pain at the pump, grocery store and everywhere else for that matter, just as much as you are!

You would think that this would be the NUMBER ONE issue that our politicians would be discussing this election season.

After reviewing the recent Consumer price index, published by Statistics Canada, you will be shocked by some of the highlights: 1. Consumer prices rose 3.3% in the 12 months to March, the largest year-over-year increase since September 2008. 2. Energy prices increased 12.8% during the 12 months to March, following a 10.6% advance in February. 3. Gasoline prices increased 18.9% in March, following a 15.7% gain in the 12 months to February. Prices for fuel oil and other fuels increased 31.3%, while electricity prices rose 4.3%. 4. Prices for food purchased from stores rose 3.7% in March, the largest year-over-year advance since August 2013. This increase follows a 2.0% gain in February. 5. Other items that contributed significantly to the pickup in prices were travel services, clothing and the purchase of passenger vehicles. 6. The CPI points out the most volatile components (fruit, fruit preparations and nuts; vegetables and vegetable preparations; mortgage interest cost; natural gas; heating oil and other fuels; gasoline; inter-city transportation; and tobacco products and smokers’ supplies) as well as the effects of changes in indirect taxes on the remaining components.

In Ontario we are more heavily taxed than any other province in the country and in Toronto, we are taxed more heavily than any other City in the country – but it seems that the skyrocketing cost-of living increases have affected Canadians across the board.

Consumer prices rose at a faster rate in every province in March compared with February, year over year.

Gasoline continued to be a major factor contributing to the increase in consumer prices in all provinces.

In Ontario, consumer prices rose 3.6% in the 12 months to March, after advancing 2.5% in February. Gasoline prices in Ontario rose 20.4% in March, following an 18.3% increase in February. Prices for food purchased from stores increased 3.6% in March, after advancing 1.8% in February. Higher prices were observed for fresh vegetables as well as for bakery products.

Short of a miracle or another recession, it doesn’t look like prices will be going down anytime soon, so get out your pen and paper and start writing your politicians. Otherwise, you can get your budget out and find some places to trim to accommodate these increased costs of living. For more information visit www.trueassess.com.

Gurgaon Property costs had been rising for many years before the recent world economic crisis. actually there had been a large increase in property costs. Decades ago, Gurgaon was a bit known Haryana village lies close to the border of Delhi. With India’s economic revival once the economic liberalization, foreign direct investment within the region is a perfect destination. corporations come back to India to open store in New Delhi NCR Gurgaon found in a perfect location. This side incorporates a direct impact on property costs rising Gurgaon.

There is another necessary issue contributing to rising assets costs Gurgaon. Together with the presence of company offices, variety of supporting establishments that serve the requirements of the immigrant population emerged within the region. Public faculties, first-class business faculties, engineering and IT schools and institutes have emerged within the region. Additionally, premium brands of hotel, searching centers, BPO, hospitals, cinemas and different business institutions found their manner into the town. Sensing the growing business importance of the region, the main housing corporations like DLF, Ansal, Parsvanath, etc began operations in many locations within the town. This has essentially contributed to the many increase in property costs Gurgaon.

Rising property costs Gurgaon, however, before a recent decline within the sweep of worldwide economic recession. Reportedly, the fall, though declining, continues. It’s been assessed by the property dealers and different consultants that the crisis has affected, in fact, solely business assets sector and investment within the sector.

Worth of residential property in Gurgaon has continued while not major fluctuations. This can be most relevant within the case of medium and tiny size of the apartment sector. Even within the housing sector, the investment-oriented properties are below the domain of slump. Realtors and trade specialists within the region are of the opinion that this slump is short-lived and believe that worth of housing recovery in Gurgaon within the close to future.

Why High Property Rates in Gurgaon?

Amongst the business hubs in India, Gurgaon is one amongst the few where property rates are comparatively high. There’s an unprecedented spurt within the worth appreciation for Gurgaon properties over the last decennium. a coffee profile, ubiquitous style of Indian village, nestling in an exceedingly sylvan atmosphere, Gurgaon was unsophisticated and faceless some decennia ago. From the times of a coffee profile of anonymity, the suburban centre has been catapulted to a metamorphosis characterized by an atmosphere agog and abuzz with company intercourse.

The reason for the high property rates in Gurgaon needs to be analyzed in an exceedingly broader perspective. Within the post-liberalization era, the emergence of India as a serious market has necessitated the multi-national firms to shift their focus to the Indian sub-continent. The national capital, housing the offices and accommodations of the innumerable functionaries and employees of the umpteen Central and State government departments, establishments and instrumentalities together with those of the personal sector, cannot give sufficient facilities for the new entrants.

In such a situation, Gurgaon, lying within the National Capital Region with sufficient infrastructure, proved an improved bet for the firms to open their Indian offices. Additionally, the delicate transportation infrastructure within the region has facilitated easy accessibility to Gurgaon from the national capital and additionally from centres within the neighboring states. The nascent Jaipur-Delhi national highway, the Delhi-Gurgaon 8-line expressway and therefore the Delhi-Gurgaon metro rail, etc. have added many dimensions to the importance of Gurgaon as an advertisement destination.

The company’s gap units/offices in Gurgaon belong to the wide spectrum of industries like those within the IT, BPO, etc. Inevitably, this has led to a concomitant growth in urbanization and therefore the urban centre of Gurgaon is expanding into an ever-widening conurbation. This has all the additional created an ever bigger demand for residential likewise as business property.

Yet another reason for the high property rates in Gurgaon is because of the actual fact that the company boom within the space has triggered the spurt of a string of management and engineering colleges/institutes, public faculties and different instructional establishments within the region.

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