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submitted 1 year ago by RandAlThor@lemmy.ca to c/canada@lemmy.ca

Grocery prices increased at 6.9% annual pace

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[-] cecilkorik@lemmy.ca 28 points 1 year ago

Yes if we just increase interest rates enough eventually people will stop all their foolish discretionary spending on groceries and starve to death, solving the inflation problem forever.

[-] Nouveau_Burnswick@lemmy.world 8 points 1 year ago

That would also solve housing!

[-] Dagrothus@reddthat.com 6 points 1 year ago

I honestly don't think it would

[-] Nouveau_Burnswick@lemmy.world 5 points 1 year ago

Cemetery speculation, eh? Better get on the ground floor of this one.

[-] Isycius@lemmy.ca 6 points 1 year ago

To be fair, I think this one can be credited to OPEC.

[-] Mereo@lemmy.ca 4 points 1 year ago

Yup. Saudi Arabia has launched Vision 2030 to diversify and open up the economy. But to achieve their goal, they need high oil revenues.

this post was submitted on 19 Sep 2023
55 points (89.9% liked)

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