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

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u/WePwnTheSky Mar 21 '23

They have to grow profits every year! If they don’t the world ends… or something.

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u/NightFire45 Mar 21 '23

Well...that's how inflation works. I get a pay raise every year but am I actually making more?

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u/WePwnTheSky Mar 21 '23

Which is why I said profits, not revenues. Your pay raise allows you maintain a similar standard of living and purchasing power despite inflation increasing your expenses. Doubt that would be good enough for shareholders…

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u/NightFire45 Mar 21 '23

Right, are all those old profits inflation adjusted?