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Canada's inflation rate slows to 3.4%, lowest level in almost 2 years (www.cbc.ca)
submitted 3 years ago by to c/canada@lemmy.ca
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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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[–] 4 points 3 years ago

I think treating housing as an investment, not a necessity has guided so many policy decisions over the decades leading to this. For sure, housing is only one component of inflation, but it is a component that is directly within the Federal governments ability to strongly influence.

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