• Szymon@lemmy.ca
    link
    fedilink
    English
    arrow-up
    29
    arrow-down
    2
    ·
    1 year ago

    Cool, cheese is a little cheaper but my mortgage will renew next year making me homeless.

    But that cheese, so glad the price dropped ten cents after climbing 2 dollars

    • Victor Villas@lemmy.ca
      link
      fedilink
      arrow-up
      25
      ·
      edit-2
      1 year ago

      Inflation rate slowing doesn’t mean grocery prices drop either, prices just increase slower… so don’t celebrate on that cheese just yet

      • Sethayy@sh.itjust.works
        link
        fedilink
        arrow-up
        6
        ·
        1 year ago

        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

        • Victor Villas@lemmy.ca
          link
          fedilink
          arrow-up
          1
          arrow-down
          1
          ·
          edit-2
          1 year ago

          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.

          • TheDonkerZ@lemmy.ca
            link
            fedilink
            arrow-up
            3
            ·
            1 year ago

            Thank God I won’t be homeless for Christmas, that gets to wait until January now. :)

            Just kidding, I’m still renting because I can’t afford to save for a down-payment. :)))

          • Sethayy@sh.itjust.works
            link
            fedilink
            arrow-up
            2
            ·
            1 year ago

            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

            • Victor Villas@lemmy.ca
              link
              fedilink
              arrow-up
              1
              ·
              edit-2
              1 year 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.