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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*

This is one of those cases where average inflation has decelerated, but consumers' experience of inflation remains unchanged - cost on stuff that the average consumer isn't using has gone back down, while cost on stuff we're buying remains inflated.

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