Bank of Canada rate cut odds for June fall after April inflation data
toronto.citynews.ca
Statistics Canada says the annual inflation rate was 1.7 per cent in April, down from 2.3 per cent in March.

Another news article I am not sure what to make of. There are just so many levels of complexity to this.

Since the carbon tax comes off one time only, for a one time price reduction. and thus only offset price increases this time only, will we see inflation resuming its normal limb next report?

And will we see price reductions in the supermarket to reflect this? Or was in mainly gasoline for transportation and heating that led the offset?

  • Windex007@lemmy.world
    0·
    12 days ago

    Also consider that this comes at the expense of the quarterly cheques you were getting. Inflation is looking at cost of a basket of goods but doesn’t “see” the rebate cheques as ever existing.

    • Daryl@lemmy.caOP
      0·
      12 days ago

      And what really matters is how much the consumer has left in their pockets when all is said and done.

    • Pyr@lemmy.ca
      0·
      12 days ago

      Plus in May prices were right back up to normal so don’t expect the inflation percentage to stay so low.

      Companies immediately started to pocket that extra cash…