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Canada's inflation rate drops to 1.7%
185 sats \ 15 comments \ @grayruby 20 May econ
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70 sats \ 1 reply \ @BlokchainB 20 May
Haha under 2%!!
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121 sats \ 0 replies \ @Undisciplined 20 May
I think their target is actually 1-3%, which is normally just an excuse to be slightly over 3%.
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40 sats \ 4 replies \ @Undisciplined 20 May
I guess your markets are flooded with goods that got hit by American tariffs.
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37 sats \ 2 replies \ @grayruby OP 21 May
Missed this comment. That's an interesting point. I wonder if producers are shipping less to the US and trying to sell more domestically.
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40 sats \ 1 reply \ @Undisciplined 21 May
I've heard about lots of American products just sitting around at ports, because the reciprocal tariffs made them unprofitable to export. Presumably, stuff like that's happening everywhere.
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36 sats \ 0 replies \ @grayruby OP 21 May
Makes a lot of sense.
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41 sats \ 0 replies \ @Rothbardian_fanatic 20 May
Try the statistics are the same kind as OBiden’s. It looks like this is a world-wide effort of the same statisticians.
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40 sats \ 2 replies \ @Coinsreporter 20 May
Canada isn't helping defiatization!! If this keeps going, the day will come when it'll be 0% and will even go down in minus.
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17 sats \ 1 reply \ @grayruby OP 20 May
The government is going to spend lots of money to make up for any deflation.
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40 sats \ 0 replies \ @Coinsreporter 20 May
That may be the case but I see it as a worrying sign for Canada's economy. Cuz... At the core of fiat economies, if you're not having inflation, you aren't growing.
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40 sats \ 0 replies \ @Rothbardian_fanatic 20 May
Are these the same kind of statistics as those coming out of the US BLS under the OBiden administration? I note that they have been mutating over time to something less recognizable but more realistic. Maybe Carney is doing his magical motherWEFer thing.
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40 sats \ 2 replies \ @kurszusz 27 May
What do you think about it? Is this a natural decrease or is it artificially generated (for some future purpose)?
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20 sats \ 1 reply \ @grayruby OP 27 May
Well I don’t believe the numbers but I think it is directionally correct that inflation is declining because the economy is slowing down.
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40 sats \ 0 replies \ @kurszusz 27 May
This is true. I also think that this is also a tool to explain certain central bank decisions (for example, massive money printing)
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20 sats \ 0 replies \ @Dkryptoenth 20 May
Nice one
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