Mr. Speaker, Canadians are smart, and that is why I know that Canadians, unlike the Conservatives, understand that inflation is a global phenomenon. Let me give some numbers to back that up. The latest inflation number in Canada was 4.8%. In the U.S. it was 7%; in Germany, 5.3%; and in the U.K., 5.4%. Our inflation is lower than the G7 average of 5.3%, the G20 average of 5.8% and the OECD average of 5.8%.
In the House of Commons on February 1st, 2022. See this statement in context.