Yes. I think that's fair. One of the reasons why we're studying this is that Canadians are facing the hardships that come with high inflation rates. There's no question that it's higher, but what I would love for you to speak specifically to is....
Let me take a step back. I have heard your testimony and the testimony from the others today about inflation, but also, I have a background as a management consultant at BCG and have spent a lot of time in business school economics classes and working with clients on such matters. From what I've read, there are a number of factors that people have cited—and you cited some of these in your testimony—that drive the current high inflation rate we're seeing today, things like supply chain bottlenecks and shortages of key materials. You spoke about labour shortages in your testimony. Others have written about gas prices and energy prices as a factor.
There's some discussion about increased consumer demand driven in part by the pandemic, because after economies reopened, we saw a bump in consumer demand, and there may be a little bit of a shift in the nature of the demand as well. I think some of the speakers today have spoken to that. Do you agree that these are the major drivers of the high rate of inflation we're seeing today?