Everyone is talking about how to alleviate energy prices this winter, but no one acknowledges that the average household has been getting poorer for more than a decade.
Economic conditions today are very different from those that informed Bob Hawke’s 1983 summit – and that will affect what unions and the government can get from each other at the 2022 summit.
Peter Martin, Crawford School of Public Policy, Australian National University
Asked how high an inflation rate Australia should prepare to tolerate, three of the 48 economists nominated 8% or higher. Seven expected inflation to fall without the need for further action.
Inflation is soaring, but prices for typical back-to-school gear like backpacks, computers and new clothes are rising less than average – or even falling.
With a recession seeming imminent, many Canadians are rightfully concerned about the state of their finances. Here are some ways you can be prepared for one.
Rising inflation rates due to supply-side factors – COVID-19, Ukraine and supply chain shortages – make countering inflation difficult for the central bank.