The good and bad of slowing inflation
Inflation is on the decline for the second straight month. New numbers from Statistics Canada show that inflation slowed to 7 per cent in August – down from 7.6 per cent in July and 8.1 per cent in June. While these numbers point to an easing in prices for consumers, not everything is cheaper – yet. Economics columnist for The Globe’s Report on Business, David Parkinson tells us what items are getting less expensive, why groceries are still so high and whether what the Bank of Canada is doing to tamp down inflation is working.
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Show Notes
Inflation is on the decline for the second straight month. New numbers from Statistics Canada show that inflation slowed to 7 per cent in August – down from 7.6 per cent in July and 8.1 per cent in June. While these numbers point to an easing in prices for consumers, not everything is cheaper – yet.
Economics columnist for The Globe’s Report on Business, David Parkinson tells us what items are getting less expensive, why groceries are still so high and whether what the Bank of Canada is doing to tamp down inflation is working.
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