How will rising commodity prices affect Canada's inflation rate?

Question

Will the effect on the core inflation rate be larger or smaller? Why?

Answer 1

What do you mean commodity prices? In economics, they mean gold, oil,rubber,sugar etc which can sell and buy in future market. if oil price increase for example, Canada might be richer, because of oil exports. What the heck with inflation? Because income will increase more and faster than prices.

Answer 2

in case you propose fruit,fruit education and nuts,vegetables and vegetable arrangements, then they do no longer have any outcomes on inflation because they are excluded from CPI. very last 3 hundred and sixty 5 days the upward push fee of CPI more suitable from 2.0% to 2.4%, customarily simply by an boost in gas fee, clothing and shoes. often, an boost in commodity costs will stimulate inflation, extra no longer a lot less.

Answer 3

Depends if Canada keeps raising tariffs on foreign imports. The more it costs to do business with Canada the less foreign countries will wish to do trade.