Corporations are a lot more willing than usual to raise their prices lately, and it’s putting more of the burden of high inflation on consumers.

That may not come as much of a surprise to anyone who has browsed a grocery aisle, kicked the tires at a car dealership or filled up a gas tank of late, but even the Bank of Canada is starting to take notice of the trend, as the central bank continues its battle to wrestle inflation into submission.

Speaking to a parliamentary committee in Ottawa this week, the bank’s governor, Tiff Macklem, told lawmakers that the bank has noticed a troubling new trend coming out of the corporate sector.

For much of the past few decades, any time businesses have seen a jump in their input costs — the amount they pay for things like raw materials, energy and even workers — “they were pretty cautious about passing on [that cost into] the prices they charged for goods and services,” Macklem said.

Their reasoning was simple: they were afraid of losing customers.

  • LemmysMum@lemmy.world
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    1 year ago

    You’re the one having a teary over people being ignorant. I’m just pointing out reality. If reality hurts your fefe’s so much maybe you are better off without it. Maybe don’t project your depression and impotency on others.

    • wildginger@lemmy.myserv.one
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      1 year ago

      Youre literally throwing a piss party, and getting upset at being told to quit pissing yourself in public.

      You arent pointing out reality, youre acting like a loser who just got dumped

        • wildginger@lemmy.myserv.one
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          1 year ago

          You mean “anyone who wont pout with me is stupid, only smart people lie down and slowly die”

          You can go ahead and do that bud, I just want you to shut up while you do it

          • LemmysMum@lemmy.world
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            1 year ago

            You’re the one that keeps replying crying about what I said. If you’re sad about being stupid stop being stupid, otherwise, you do you. I don’t care if you’re a sheep, you seem to though. I’m not the one offended by reality.