Chrystia Freeland on The Economy

In the House of Commons on February 1st, 2022. See this statement in context.

The EconomyOral Questions

February 1st, 2022 / 2:30 p.m.

University—Rosedale Ontario

Liberal

Chrystia Freeland LiberalDeputy Prime Minister and Minister of Finance

Mr. Speaker, I know that Canadians, unlike the Conservatives, understand that inflation is a global phenomenon.

Here are some numbers to back that up. The latest inflation rate in Canada was 4.8%; in the U.S., 7%; in Germany, 5.3%; in the U.K., 5.4%. The OECD average is 5.8%; the G7 average is 5.3%; the G20 average is 5.8%

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