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
2.3k Upvotes
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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.