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Poll: Is Canada’s inflation rate actually higher than reported?

By: RealAgriculture News Team

January 15, 2022

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It’s widely speculated that the Bank of Canada is set to increase its interest rate beginning later this month, and likely will do so more than a few times over the course of 2022.

While you can argue the validity of using interest rates to temper inflation, there’s no doubt that Canada — and the world — is experiencing an incredible rate of inflation.

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The latest figure pegs Canada’s inflation rate at 4.7 per cent, well behind that of the U.S. at 7 per cent. Several analysts are calling Canada’s number into question, and there’s growing talk that the sub-5 per cent number is far too low.

 

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What do you think?

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