Inflation plunges in Canada
Short and sweet post here today.
Canada's inflation rate fell to the lowest level in 27 months at 2.8 per cent as energy prices eased.
Canada thus joins the US in having a headline inflation rate of under 3 per cent (albeit only just in the case of the US).
Yes, pressures still persist...yada yada...but what a turnaround.
Source: Alex Joiner, IFM
People keep talking about sticky inflation and core prices, but it increasingly looks as though deflation might be on the cards before too long, the way things have been going.
Let's hope Australia follows this trajectory next...
