RandAlThor@lemmy.ca to Canada@lemmy.ca · 4 months agoCanada’s inflation rate fell to 2.5% in July, lowest since March 2021www.cp24.comexternal-linkmessage-square11fedilinkarrow-up181arrow-down12
arrow-up179arrow-down1external-linkCanada’s inflation rate fell to 2.5% in July, lowest since March 2021www.cp24.comRandAlThor@lemmy.ca to Canada@lemmy.ca · 4 months agomessage-square11fedilink
minus-squaren3m37h@sh.itjust.workslinkfedilinkarrow-up4arrow-down1·4 months agoSure it’s down, but is the price of food or homes down too?
minus-squareLeFantomelinkfedilinkarrow-up8arrow-down1·4 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-squaren3m37h@sh.itjust.workslinkfedilinkarrow-up1·4 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…