Where significant price increases or significantly larger profits are behind price increases, and it's not just a case of passing on costs, those price increases are part of the inflation story, are they not? If companies are taking an opportunity in the market of reduced competition, because of interference with global supply chains or whatever the reason may be that they have more pricing power in this current market, and part of that is just elevated demand, particularly for goods, because people haven't been able to spend on services to the same extent.... In that context, if companies see an opportunity to increase their profits, they will also be increasing inflation.
I would say it's not really part of the narrative that's been told about inflation. But if those exceptional price increases and profit growth are responsible for up to 25% of the inflationary package that Canadians are experiencing in their current budget, while I respect that that's not something you can deal with from a monetary policy perspective, ought it not to be an important part of the narrative so when government is looking at its fiscal policy and other measures, they're sensitive to the fact that that may be going on and feel an obligation to take action?