Ramping up interest rates at this juncture places more of the burden of fighting inflation on consumers.
The move by governments worldwide to substantially reduce the use of carbon fuels will likely produce even slower productivity growth.
If the inflation rate remains relatively stable over time, suppliers should know when higher prices signal increased scarcity.
The price of meat has increased by 9 per cent in Canada.
The price of gas has increased by 41.7 per cent over the last 12 months.
At 3.8 per cent, Canada’s inflation rate for 2021 is expected to rank 6th highest among 35 IMF advanced economies.
According to most models of labour supply, the growth of Canada’s labour force will slow over the coming decades.
Supply chains involve countless firms across the globe that contribute to the production and sale of goods.
In August, the price of meat increased by 6.9 per cent.