Inflation: June 2023 All-items CPI = 157.2 (12-month change = +2.8%) | General financial discussion | Discussion forum | Canadian High Interest Savings Bank Accounts

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Inflation: June 2023 All-items CPI = 157.2 (12-month change = +2.8%)

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Inflation: June 2023 All-items CPI = 157.2 (12-month change = +2.8%)

July 18, 2023
9:34 pm

Norman1

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Promising news: CPI rose only 2.8% year-over-year to last month, June 2023.

Details at The Daily: Consumer Price Index, June 2023.

July 19, 2023
6:54 am

savemoresaveoften

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Norman1 said
Promising news: CPI rose only 2.8% year-over-year to last month, June 2023.

Details at The Daily: Consumer Price Index, June 2023.

Heavily skewed downwards by drop in fuel, which hit record high this time last year. Food still a painful 9%+ increase YoY.

July 20, 2023
2:19 am

RetirEd

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Inflation is more fueled by credit purchases than government spending. That's why increasing interest rates can, paradoxically, lower inflation; it makes debt less attractive.

On the other hand, long-term variable-rate debt, or mortgage debt that rolls over to a new rate periodically, does drive inflation. The housing market in general is still over-inflated by supply shortage and the belief that it will always go up.

But housing also regularly crashes - it's a lottery.
RetirEd

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