News Reporting Inflation Slowed to 3.4% - Is This a Good Sign or Did They Flub the Numbers?

Interest Rates are still on the rise, but are they actually staving off Inflation. Financial Post is reporting lower inflation, but prices are still rising in all the areas that are important to consumers in the market. Gas prices are still up. Housing is still up and Mortgages are way up because of the rising interest rates.

Financial Post
https://financialpost.com/news/economy/canada-inflation-slows-may

Better Dwelling
https://betterdwelling.com/canadian-real-estate-is-once-again-inflationary-reinforces-need-for-hikes-bmo/

Bloomberg
https://www.bnnbloomberg.ca/governments-shunting-dirty-work-on-inflation-to-bank-of-canada-cibc-says-1.1932115

Pierre Poilievre
https://twitter.com/CPAC_TV/status/1673687750711865346

#inflation #interestrates #economy

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