High Inflation in 2022 in Canada: Demand–pull or supply–push?

Description: Headline inflation in Canada reached a 40-year high in 2022. Rising prices reduced the purchasing power of people whose incomes were not keeping pace with inflation and the current high inflation in Canada, as well as in many other countries, may be caused by both demand and supply factors. This article examines whether the current high inflation in Canada is demand–pull or supply–push.

Issue Number: 2024005

DOI: https://doi.org/10.25318/36280001202400500005-eng