Inflation may seem low in July 2023, however the price of food is much higher and more impactful to most Canadians. Don’t worry higher interest rates are crushing us as well.
Bank of Canada
Inflation may seem low in June 2023, however the price of food is much higher and more impactful to most Canadians.
Kate Bush is #1, Inflation is at 7.7%, and Interest rates are skyrocketing, you sure this isn’t 1983? Rising Inflation looks to be the most important political issue, very soon.
Given interest rates in Canada continue to rise in reaction to skyrocketing inflation can the economy survive this swift kick in the lower parts? Time will tell about that one.
Will COVID cause an Inflationary spiral that has not been seen since the 1970’s? Really don’t know, but it is a possibility.