girlfreddy@sh.itjust.works to Canada@lemmy.caEnglish · 1 year agoIs the Bank of Canada making things worse?www.cbc.caexternal-linkmessage-square86fedilinkarrow-up132arrow-down11file-textcross-posted to: canada@lemmy.ca
arrow-up131arrow-down1external-linkIs the Bank of Canada making things worse?www.cbc.cagirlfreddy@sh.itjust.works to Canada@lemmy.caEnglish · 1 year agomessage-square86fedilinkfile-textcross-posted to: canada@lemmy.ca
minus-squarezephyreks@lemmy.calinkfedilinkEnglisharrow-up5·1 year agoThe main purpose of CPI is to see if Canadians can still make ends meet. It’s not supposed to express price increases, but cost of living increases. People change their habits as prices change. That’s well-known.
minus-squareRodeo@lemmy.calinkfedilinkEnglisharrow-up2·1 year agoSo maybe it should be called the Buying Habits Index then.
minus-squareglib@lemmy.calinkfedilinkEnglisharrow-up3arrow-down1·1 year agoWe could call it the Cost of Not Dying if you prefer
The main purpose of CPI is to see if Canadians can still make ends meet. It’s not supposed to express price increases, but cost of living increases.
People change their habits as prices change. That’s well-known.
So maybe it should be called the Buying Habits Index then.
We could call it the Cost of Not Dying if you prefer