Inflation is cooling. The cost of living crisis is not
Inflation is decelerating, which should give the Bank of Canada enough wiggle room to pause interest rate hikes. But there's a big difference between things not getting worse and things getting better.
![Inflation is cooling. The cost of living crisis is not](https://i.cbc.ca/1.4487572.1695762651!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/cash-register-generic.jpg)
![Canadian money in cash drawer A closeup of a cash register drawer shows rows of bills and coins.](https://i.cbc.ca/1.4487572.1695762651!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/cash-register-generic.jpg)
Inflation is decelerating, which should give the Bank of Canada enough wiggle room to pause interest rate hikes. But there's a big difference between things not getting worse and things getting better.