We also noticed, as is widely acknowledged, that energy prices have been under pressure worldwide in good part as a result of the invasion of Ukraine by Russia, and also due to strong demand in many countries for energy. Energy prices had increased significantly at the time we released that report, and food prices also shot up when there were significant concerns about supply related to the war in Ukraine and also some more localized issues related to food production. That's what we meant by that sentence. It's not a Canadian phenomenon; it's not a purely domestic phenomenon, but it's something that's affecting countries around the world.
On December 1st, 2022. See this statement in context.