I cannot comment on one specific agreement, but inflation has increased the cost of doing business in many communities. I'm sure Arctic Bay is no different. Inflation has also increased government revenues through more income taxes, more sales tax revenue.
On the one hand, yes, it costs more to repair or build some installations, some assets, but on the other hand, there is more revenue coming in.
You're right. Inflation has been around before, so we should know how to deal with inflation. Blaming inflation.... Inflation is probably a good reason it costs more, but on the other hand, there's more revenue.
When an agreement is signed, usually it tends to have to be honoured, so I can't speak to that specific one. If you get a chance to ask ministers when they appear, I think that would be a very good question to put to the ministers.