This episode, we answer some of Canadians’ top trending Google search questions about inflation. 

Olena Ivus, Associate Professor of Business Economics at the Smith School of Business at Queen’s University, is our guest. 

Key moments this episode:

1:30 – What is inflation?

2:41 – Why do prices increase over time?

3:17 – What is the inflation rate and what does it mean?

4:02 – How a menu can tell you the inflation rate

4:45 – What is the perfect inflation rate?

5:17 – Why does there need to be any inflation at all?

6:21 – How expectations can drive the interest rate

7:41 – What can the government do to try and reduce the rate?

8:05 – How does increasing interest rates slow inflation?

9:06 – How does inflation affect personal finance planning?

10:29 – 30 second summary