Quote:
Originally Posted by blankall
I'd say there a bunch of objective factors that are all contributing to inflation:
1. Housing shortages;
2. Supply chain issues. Shortage of consumer goods, food, building materials, etc..;
3. Increased fuel prices; and
4. Flooding Canada with an increased currency supply for the last 2 years.
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Households were also sitting on unprecedented savings due to reduced consumption during covid, and that money is now being fed into the economy. Hard to say how long it will take that spending to wind down.