this post was submitted on 27 Jun 2023
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Canada Politics

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Canada's inflation rate slows to 3.4%, lowest level in almost 2 years | CBC News (www.cbc.ca)
submitted 1 year ago by [email protected] to c/[email protected]
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Canada's inflation rate decelerated to 3.4 per cent in the year up to May, Statistics Canada says, led by sharply lower gasoline prices.

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[–] [email protected] 2 points 1 year ago

Mostly driven by the price of gasoline going down. It's disappointing to see that mortgage interest costs are still on the rise, as well as groceries.

I'm expecting more interest rate hikes in the near future, especially if mortgage interest is a contributing factor. It really sucks that it will push home ownership even further away for some.