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. ‘It’s two per cent or bust,’ says one economist.

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. ‘It’s two per cent or bust,’ says one economist.

    • Sir_Osis_of_Liver@kbin.social
      01·
      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.