top of page
  • PWC

Broad Inflation At 31-Year High

Updated: Sep 9, 2022

COVID-19 caused high levels of inflation in 2021 and into 2022 as the pandemic shifted demand away from services and towards goods while also disrupting global supply chains, says Aon. Its ‘Inflationary Trends Canada’ report shows broad inflation is at a 31-year high of 6.8 per cent year over year compared with an average of about two per cent in the two decades pre-COVID. The conflict in Ukraine has also led to a burst of higher inflation as sanctions and supply chain disruptions came into effect. Inflation is expected to moderate over the next one to two years to levels that are higher than pre-COVID years, but less than what was seen in 2021. However, the Bank of Canada expects high inflation to remain throughout 2022, but to ease to around 2.5 per cent in the second half of 2023 and return to two per cent target in 2024. A Reuters survey of economists indicates the inflation rate will peak at or above six per cent for the next few months, with their 2022 year-end forecasts ranging from 3.3 per cent to 5.8 per cent.

Recent Posts

See All

Hedge Funds Investment In Crypto Accelerates

Even with the tremendous volatility in the sector, there are many more traditional hedge funds investing in crypto and more specialist crypto funds being created as the digital asset class gains accep

Record Year Seen For Wealth Creation

Wealth management firms and financial advisors need strong knowledge of growth areas such as sustainable investing and crypto-related assets going forward despite the biggest growth in wealth in more

Setting Of Net-Zero Targets For Assets Growing

Asset managers are continuing to set net-zero targets for an increasing amount of assets, says a progress report by the Net Zero Asset Managers initiative. It says so far, 84 asset managers have set i


bottom of page