• Victor Villas@lemmy.ca
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    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
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      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
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        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
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          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
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          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
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            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.