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Canada's inflation rate slows to 3.8% (www.cbc.ca)
submitted 2 years ago by to c/canada@lemmy.ca
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[–] 6 points 2 years ago (1 child)

That's why its such a propagandad measurement, like no nothing is getting cheaper and lardlords/walmart would be damnned to let it, were just allowed to celebrate the 2nd derivative of our bank accounts cause everything else is harder to put a positive spin on

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  • [–] 0 points 2 years ago* (2 children)

    Uh well I believe we should celebrate getting inflation closer to the 3% target because that’s a healthy economic indicator. It’s not “propaganda” if you remember high school economics.

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  • [–] 2 points 2 years ago (1 child)

    OK so then show me some data showing the rich vs poor income, scaled to inflation.

    I'm sure it'll be a nice linear trend where everyone's income increases at the same rate right?

    This is what I mean by propaganda, you could argue for and against inflation in a million different ways - all that matters at the end of the day is its net effect, keeping people poor

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  • [–] 1 point 2 years ago* (last edited 2 years ago)

    I don't understand what's your point here. I didn't meant that 3% is a great inflation to have forever, I just said that going from 4% to 3.8% is good because the target is 3%. BoC meeting its targets is the good economic indicator. It's a single indicator, not synonym of a perfect economy, and a great economy doesn't translate into great society/QoL either.

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