The topic of inflation comes up every month when Statistics Canada publishes its latest figures. But what is inflation, exactly? Here are 7 take-away points for understanding precisely how inflation influences our personal finances and investments.
The following sources were used to prepare this article:
Bank of Canada, “Inflation Calculator.”
Cato, “World hyperinflation.”
Inflation calculator, “Historical Inflation Rates for Canada” ; “Canadian CPI Basket of Goods and Services”.
Inflation.eu, “Overview of current CPI inflation by country / region”.
Statistique Canada, “An Analysis of the 2019 Consumer Price Index Basket Update, Based on 2017 Expenditures”.
The Balance, “Causes of inflation”.
Desjardins Financial Security