@[email protected] to [email protected] • 5 months agoCanada’s inflation rate fell to 2.5% in July, lowest since March 2021www.cp24.comexternal-linkmessage-square12fedilinkarrow-up181arrow-down12
arrow-up179arrow-down1external-linkCanada’s inflation rate fell to 2.5% in July, lowest since March 2021www.cp24.com@[email protected] to [email protected] • 5 months agomessage-square12fedilink
minus-square@[email protected]linkfedilink3•5 months agoSure it’s down, but is the price of food or homes down too?
minus-square@[email protected]linkfedilink7•5 months agoAny positive inflation number means that prices are still going up. It is just a question of how fast. So, lower inflation does not mean you should expect prices to fall. At best, it means you should expect them to go up more slowly.
minus-square@[email protected]linkfedilink1•5 months agoWell inflation was only 6.8% in 2022 but house/land prices went up at least 40%. The mass city exodus is over yet house prices are still up there…
Sure it’s down, but is the price of food or homes down too?
Any positive inflation number means that prices are still going up. It is just a question of how fast.
So, lower inflation does not mean you should expect prices to fall. At best, it means you should expect them to go up more slowly.
Well inflation was only 6.8% in 2022 but house/land prices went up at least 40%. The mass city exodus is over yet house prices are still up there…