Quote:
Originally Posted by Firebot
The push to a 'surprise' full percentage point likely occurred as a result of the 9.1% CPI reported in the US this morning. Canada's June numbers are likely expected to be similar and inflation is only picking up steam.
A forced deep recession is inevitable
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What portion of inflation is due to energy price right now?
I think that is the key question whether it levels off next year and how deep of recession is required.
Essentially if March 2023 inflation is still above 5% over March 2022 then we are in trouble. The current inflation number is essentially baked in for the next year.