Quote:
Originally Posted by bluejays
Question about interest rates and inflation. Stats say that inflation in Canada is at 5% but is coming down fairly rapidly. We know that inflation numbers include a variety of things more than just food, but supply chain issues and whatever is causing food prices to be very high, are still very present. Even if inflation drops to 3% this summer, how are food prices still so high in reality and how can we say inflation is only 3% when food and gas seems much higher than this? What’s offsetting this?
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What do you mean, "still"?
I'm not sure if this needs mentioning, but inflation is compounding, so just because the rate of inflation is dropping, doesn't mean things like food prices will drop... they're just going up
less.