The Rise (And Fall?) of Inflation in Canada: A Detailed Analysis of Its Post-Pandemic Experience

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dc.contributor.authorTombe, Trevor
dc.contributor.authorChen, Yu
dc.date.accessioned2022-09-12T22:23:15Z
dc.date.available2022-09-12T22:23:15Z
dc.date.issued2022-09-10
dc.description.abstractCanada's inflation rate rose from 3.1 percent in June 2021 to 8.1 percent one year later. What's behind this rapid surge? And will higher interest rates ease the pressure? We explore these questions with a detailed analysis of recently rising inflation. We find a few items dominate, especially energy and items sensitive to oil prices. To separate demand- from supply-driven inflation, we use detailed household expenditure data and find rising inflation is primarily the latter. We also find items with normally transitory price changes or those highly sensitive to interest rates also account for nearly all of inflation's rise. While much uncertainty remains, time and tighter monetary policy may likely help decrease inflation.en_US
dc.description.grantingagencySocial Sciences and Humanities Research Council (SSHRC)en_US
dc.identifier.citationChen, Y., & Tombe, T. (2022). The Rise (And Fall?) of Inflation in Canada: A Detailed Analysis of Its Post-Pandemic Experience (SSRN Scholarly Paper No. 4215492). https://papers.ssrn.com/abstract=4215492en_US
dc.identifier.doihttp://dx.doi.org/10.11575/PRISM/40223
dc.identifier.grantnumber435-2019-0100en_US
dc.identifier.urihttp://hdl.handle.net/1880/115204
dc.language.isoengen_US
dc.publisher.departmentEconomicsen_US
dc.publisher.facultyArtsen_US
dc.publisher.hasversionsubmittedVersionen_US
dc.publisher.institutionUniversity of Calgaryen_US
dc.rightsUnless otherwise indicated, this material is protected by copyright and has been made available with authorization from the copyright owner. You may use this material in any way that is permitted by the Copyright Act or through licensing that has been assigned to the document. For uses that are not allowable under copyright legislation or licensing, you are required to seek permission.en_US
dc.subjectinflation; supply shocks; monetary policyen_US
dc.titleThe Rise (And Fall?) of Inflation in Canada: A Detailed Analysis of Its Post-Pandemic Experienceen_US
dc.typejournal articleen_US
ucalgary.item.requestcopytrueen_US
ucalgary.scholar.levelFacultyen_US
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