If the consumer price index included only necessities — food, shelter, clothing and energy — inflation would be running at 1.7 per cent, not the modest 1.2 per cent reported by Statistics Canada.
Ontario’s cost of living would be rising by 2.1 per cent, not the official rate of 1.5 per cent.
This matters to millions of Ontarians — workers with COLA clauses, pensioners, tenants, students, recipients of drug benefits, employment insurance, disability support and social assistance. As of June 1, it will matter to the 535,000 people earning Ontario’s minimum wage.
Premier Kathleen Wynne announced last week that her government would boost the province’s minimum wage to $11 an hour this year and peg it to the rate of inflation thereafter.
But Wynne’s decision to boost Ontario’s lowest wage by a modest 75 cents an hour — and link future increases to the consumer price index (CPI) — is disappointing.