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Canada's inflation rate slows to 3.8%
(www.cbc.ca)
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this post was submitted on 17 Oct 2023
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Cool, cheese is a little cheaper but my mortgage will renew next year making me homeless.
But that cheese, so glad the price dropped ten cents after climbing 2 dollars
Inflation rate slowing doesn't mean grocery prices drop either, prices just increase slower... so don't celebrate on that cheese just yet
That's why its such a propagandad measurement, like no nothing is getting cheaper and lardlords/walmart would be damnned to let it, were just allowed to celebrate the 2nd derivative of our bank accounts cause everything else is harder to put a positive spin on
Uh well I believe we should celebrate getting inflation closer to the 3% target because that’s a healthy economic indicator. It’s not “propaganda” if you remember high school economics.
Thank God I won't be homeless for Christmas, that gets to wait until January now. :)
Just kidding, I'm still renting because I can't afford to save for a down-payment. :)))
OK so then show me some data showing the rich vs poor income, scaled to inflation.
I'm sure it'll be a nice linear trend where everyone's income increases at the same rate right?
This is what I mean by propaganda, you could argue for and against inflation in a million different ways - all that matters at the end of the day is its net effect, keeping people poor
I don't understand what's your point here. I didn't meant that 3% is a great inflation to have forever, I just said that going from 4% to 3.8% is good because the target is 3%. BoC meeting its targets is the good economic indicator. It's a single indicator, not synonym of a perfect economy, and a great economy doesn't translate into great society/QoL either.
My mortgage renewal is next month.