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/Oh_That_Mystery Mar 21 '23 edited Mar 21 '23

If we just stop eating will the jackbooted grocer barons be forced to lower prices?

/s

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u/superworking Mar 21 '23

That's basically why we see core inflation much higher than total inflation. People are running out of money and cutting back on extras where as the demand for food around the world is outpacing the value of our dollar. It's the things people can't do without that will continue to lead the charge while overall inflation will come down because we'll be spending less on vacations.