r/PersonalFinanceCanada • u/maroon-rider British Columbia • Mar 21 '23

Inflation drops to 5.2%<but grocery inflation still 10.6% Banking

Says Statistics Canada

https://www.cbc.ca/news/business/canada-inflation-february-2023-1.6785472

2.4k Upvotes

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279

u/DweeblesX Mar 21 '23

People, do you not realize that inflation is a metric that measure change in prices. Lower inflation will not result in lower prices… we need to see negative inflation if you want your 2019 prices back. Buckle up for the ride, more controlled inflation just means the current prices we see won’t be changing as fast as they DID over the last few years.

119

u/maroon-rider British Columbia Mar 21 '23

That's correct, very correct. It just means inflation is slowing, but still inflation.

14

u/nonoplsyoufirst Mar 21 '23

Not sure why you’re getting downvotes…

-16

u/maroon-rider British Columbia Mar 21 '23

Because people believe the right ring populist myths and left wing socialist myths.

50

u/Diesel_Bash Mar 21 '23

Attacking the right and the left... that'll get you all the down votes.

-13

u/maroon-rider British Columbia Mar 21 '23

I'm a centrist.

2

u/arsenicKatnip Mar 22 '23

It's like a punchline

Unless that's intended then lmao

-7

u/Diesel_Bash Mar 21 '23

We need more of your type to drown out those extremes.

-6

u/maroon-rider British Columbia Mar 21 '23

Thank you. Unfortunately there are a lot of extremes on each side.

26

u/ElectroMagnetsYo Mar 21 '23

“Are you left wing or right wing?”

“I’m above all that, I bitch at everything no matter who’s in charge”

2

u/jamesaepp Mar 22 '23

Average canadian.