Canada's inflation rate slows to 3.4%, lowest level in almost 2 years
Canada's inflation rate slows to 3.4%, lowest level in almost 2 years
www.cbc.ca /news/business/inflation-rate-may-1.6889725
Canada's inflation rate decelerated to 3.4 per cent in the year up to May, Statistics Canada said Tuesday, led by sharply lower gasoline prices. But beneath the headline slowdown in consumer prices, many facets of the cost of living are still increasing at an eye-watering pace. Grocery prices went up at an almost nine per cent pace.
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67 comments
Unless inflation is negative, it’s still higher than previous years. Prices are increasing on already increased prices. Selectively changing the consumer basket of goods to exclude items hit hardest by corporate greed and publishing propaganda doesn’t help Canadians with the cost of living.
67 comments