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The Rise and Fall of Inflation in Canada: Post Pandemic Analysis

Canada recently experienced the highest inflation rate in decades, and it was driven by COVID-19 disruptions, supply chain bottlenecks, and rising energy prices.

Due to the economic impact of the COVID-19 pandemic, the federal government responded with unprecedented fiscal spending to support workers who lost their jobs and businesses impacted by mandatory closures. The pandemic also disrupted supply chains, which impacted the prices of goods and services globally. At the same time, Russia’s unprovoked war on Ukraine created an energy crisis which increased the global demand for energy and further fueled inflation.

Despite aggressive interest rate tightening, inflation persists in Canada. Energy prices seem to be decreasing but food prices continue to increase. During this event Trevor Tombe and Yu Chen, two leading experts on inflation, will discuss the rise and fall of inflation in Canada with emphasis on the post-pandemic experience. They will also shed light on their expectations for inflation going forward.



Download the slides in PDF format: OEA Webinar – The Rise and Fall of Inflation in Canada Post Pandemic Analysis


Tombe 2017 Professor of Economics at the University of Calgary, Research Fellow at The School of Public Policy Trevor Tombe

Trevor Tombe is a Professor of Economics at the University of Calgary and a Research Fellow at The School of Public Policy. His research focuses on economic and fiscal integration, internal trade, and fiscal federalism and has been published in top economics journals such as the American Economic Review, Journal of Monetary Economics, and the Canadian Journal of Economics. He serves as an Editorial Advisor for the Canadian Journal of Economics and is Co-Director of Finances of the Nation. In addition to his academic research and professional service, he is deeply committed to promoting the public understanding of economics through policy publications and active media engagement.

Yu Sonja Chen Assistant Professor, University of Calgary Yu (Sonja) Chen

Yu (Sonja) Chen is an assistant professor at the University of Calgary. Her research fields include macroeconomics, labour economics and search-and-matching theory. Her latest work investigates the productivity of the Canadian economy and some causes and consequences of the recent rising inflation in Canada.

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