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Companies are a lot more willing to raise prices now — and it's making inflation worse (www.cbc.ca)

submitted 1 year ago by [email protected] to c/news

47 comments fedilink hide all child comments

Corporations are a lot more willing than usual to raise their prices lately, and it's putting more of the burden of high inflation on consumers.

That may not come as much of a surprise to anyone who has browsed a grocery aisle, kicked the tires at a car dealership or filled up a gas tank of late, but even the Bank of Canada is starting to take notice of the trend, as the central bank continues its battle to wrestle inflation into submission.

Speaking to a parliamentary committee in Ottawa this week, the bank's governor, Tiff Macklem, told lawmakers that the bank has noticed a troubling new trend coming out of the corporate sector.

For much of the past few decades, any time businesses have seen a jump in their input costs — the amount they pay for things like raw materials, energy and even workers — "they were pretty cautious about passing on [that cost into] the prices they charged for goods and services," Macklem said.

Their reasoning was simple: they were afraid of losing customers.

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[–] totallynotarobot -3 points 1 year ago (1 children)

Likewise with your disdain for us normies. Have a fulfilling day :)

[–] LemmysMum 4 points 1 year ago* (last edited 1 year ago) (1 children)

If normies are wilfully ignorant and intentionally belligerent, then yes. Anyone with an iota of cognizance would have disdain for that. But don't cry about being what you are, if you don't like it be different.

[–] ghostdoggtv 0 points 1 year ago (1 children)

You can argue about willful and intentional. Political corruption gives evil people a means with which to undermine education. Not a hard concept.

[–] LemmysMum 0 points 1 year ago* (last edited 1 year ago)

Lack of education undermines democracy, wilful ignorance undermines personal intelligence, deliberate belligerence undermines communication.

Ones own ignorance can be eliminated by their own actions alone.

To remain uneducated is to hate democracy.