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Maple Chronicles πŸ‡¨πŸ‡¦ Maple Chronicles πŸ‡¨πŸ‡¦ @maplechronicles Β· 2.8K subscribers
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πŸ‡¨πŸ‡¦ Inflation jumps to 2.4% but they want you to blame Iran, not Ottawa

Gasoline up 21.2% month-over-month β€” the largest spike on record β€” and StatCan is quick to pin it all on the Strait of Hormuz crisis. Convenient timing. What they bury in paragraph five: inflation would've been worse if not for comparing against last year's carbon tax rates, which Trudeau dropped only after wrecking household budgets for years. Food inflation still running at 4.4%, fresh vegetables up 7.8%. But sure, blame cucumbers and Iran, not a decade of reckless monetary policy, runaway spending, and energy strangulation that left Canada dependent and fragile.

The same economists now floating rate cuts were cheerleading the inflationary fire sale that got us here. None of this is external shock β€” it's structural rot papered over with excuses and tax suspensions timed for electoral survival.

🍁 Maple Chronicles
CBC Canada's annual inflation rate rose to 2.4% in March | CBC News The increase comes after the inflation rate fell in February to 1.8 per cent.
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