Inflation jumped up to 4% in August thanks to rising gas prices
Inflation jumped up to 4% in August thanks to rising gas prices
August's consumer price index figures mark the second consecutive month inflation has accelerated in Canada, even as grocery prices saw some relief.
August's consumer price index figures mark the second consecutive month inflation has accelerated in Canada, even as grocery prices saw some relief.
Oh good, this must mean that they'll solve the problem of me not having money by raising the cost of my home and debt incurred from not having enough money.
Please find another way other than raising interest rates again.
The other classic way to reduce inflation is simply taxing the rich. It’s especially efficient to tax the wealthiest when inequality is high, as it is now. This is macroeconomics 101. Meanwhile, very dubious fringe conservative theories get mentioned instead, like intentionally causing unemployment. All the “solutions” put the burden on the poor.
The fact that taxing the rich never comes up in mainstream discussion as a possibility shows how captured our media and politicians are.
The other classic way to reduce inflation is simply taxing the rich.
You mean the poor. Inflation is tracked using the CPI, which is measured using a basket of goods modelled around what poor people buy. The activities of the rich tend to not show up here.
The impacts of taxing the rich may eventually "trickle down" to the poor if you hit them hard enough, but that is rather roundabout and slow. Best to go to the source to get it done quickly.
Yeah, interest rates are blunt instrument, and aren't going to "fix" this.
I get that the BoC only really has the one tool, but this is bigger than the BoC.
Until we can all agree that our goal as a society moving forward should be "sustainability and stability" and not "profit increases year by year at any cost", its not going to get better.
Good news everyone: "Excluding gasoline, the CPI rose 4.1% in August"
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Weird.
Alberta O&G raises prices, and its politicians who get more money from it ALSO get to slam Hair Guy for being in charge while the completely separate commercial cabal acted of their own free will to fuck us.