this post was submitted on 12 Jul 2023
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[–] [email protected] 10 points 1 year ago

Especially when you consider that interest costs are what is now driving inflation:

The mortgage interest cost index (+29.9%) remained the largest contributor to the year-over-year CPI increase. Excluding mortgage interest cost, the CPI rose 2.5% in May

https://www150.statcan.gc.ca/n1/daily-quotidien/230627/dq230627a-eng.htm?indid=3665-1&indgeo=0