Canada’s inflation rate 6th highest among 35 developed countries

VANCOUVER—Canada’s inflation rate, projected to be 3.8 per cent for the year, is the 6th highest among a group of 35 comparable, developed countries, finds new researched published by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank. “The inflation debate in Canada has largely focussed on whether it’s temporary or not, but we’ve seen very little discussion about how Canada’s inflation compares to other advanced countries,” said Livio Di Matteo, economics professor at Lakehead University, Fraser Institute senior fellow and author of Unemployment and inflation—Canada’s worrying numbers. “The truth is, Canada’s inflation is substantially higher than it is in other similar countries, and high inflation has serious impacts on Canadians.”