In August, the price of meat increased by 6.9 per cent.
Inflation peaked at 14 per cent in Canada and the U.S.
Divergences between expected inflation and actual inflation contribute to economic inefficiencies that harm economic growth.
The higher-than-expected inflation of the late-1980s was one reason the bank switched to inflation targeting.
Provincial Finance Minister Charles Sousa tells an upbeat story about a booming Ontario, but reality is more complicated. The province’s finances remain a mess.
In countries whose currencies have risen against the U.S. dollar, there’s “flow-through deflation” as imports get cheaper.