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submitted 1 year ago by sendingmath@kbin.social to c/canada@lemmy.ca

Some fear Bank of Canada Gov. Tiff Macklem is poised to raise rates again in July in a bid to drive inflation down to its target. โ€˜Itโ€™s two per cent or bust,โ€™ says one economist.

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[-] Sir_Osis_of_Liver@kbin.social -1 points 1 year ago

Food only makes up roughly 10% of a median household's income ($68k after tax, 2.9 people). Even if food inflation is running at 10%, it's not a huge factor in affordability.

this post was submitted on 01 Jul 2023
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