Canadian Shelter Inflation Poses Difficulties — Brian Romanchuk

Summary:
The July CPI report for Canada, and as expected, the annual rate of inflation remains high courtesy of comparisons to lockdown pricing in 2020. I am largely on the side of “Team Transitory”: the punchy annual inflation rates will subside once we are past weak comparisons, and some of the supply disruptions are cleared....Bond EconomicsCanadian Shelter Inflation Poses DifficultiesBrian Romanchuk

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