this post was submitted on 07 Jul 2023
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[–] rms1990@lemmy.ca 13 points 1 year ago* (last edited 1 year ago) (1 children)

We are not. living paycheque to paycheque and using food banks

Yeah. And it's having no noticeable effect on inflation ... it's almost like they are turning the wrong dial. The people hurting most with these interest rate rises are those who can least afford it and consequently have least effect on inflation.