Inflation has (arguably) been the biggest economic story of the past year in Canada, so it's worth taking the time to really understand it. How is it calculated? What's contributing to it right now? And how do different sectors of the economy affect how prices in other sectors fluctuate?
Turns out it's pretty complicated. Fortunately, Trevor Tombe, Professor of Economics at the University of Calgary and a Research Fellow at The School of Public Policy, is here to explain all of that and more, along with where he sees inflation heading in the coming months.