-7
Canada's inflation rate slows to 3.4%, lowest level in almost 2 years (www.cbc.ca)
submitted 1 year ago by RandAlThor@lemmy.ca to c/canada@lemmy.ca
26 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments
[-] lexcyn@lemmy.ca 1 points 1 year ago* (last edited 1 year ago)

I don't see how the overall rate could decline with grocery prices increasing 9.1%... our overall buying power is still that much lower. I thought I made decent money but not with what's going on out there now.

[-] Sir_Osis_of_Liver@kbin.social 0 points 1 year ago

A median family only spends about 10% of their income on groceries in Canada, down around 7% in the US.

[-] lozunn@kbin.social 1 points 1 year ago

Because the other 90% goes to rent or mortgage, right?

load more comments (2 replies)
load more comments (2 replies)
this post was submitted on 27 Jun 2023
-7 points (26.7% liked)

Canada

7185 readers
395 users here now

What's going on Canada?

Communities

๐Ÿ Meta

๐Ÿ—บ๏ธ Provinces / Territories

๐Ÿ™๏ธ Cities / Local Communities

๐Ÿ’ SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer

๐Ÿ’ป Universities

๐Ÿ’ต Finance / Shopping

๐Ÿ—ฃ๏ธ Politics

๐Ÿ Social and Culture

Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:

https://lemmy.ca

founded 3 years ago
MODERATORS
otter@lemmy.ca