In summary, the Fraser Institute's primer on inflation highlights the challenges of maintaining a low and stable inflation rate in Canada. The author argues that the current generation of Canadians has not experienced the high inflation rates of the past, and that recent increases in food, housing, and transportation prices have brought inflation back into the public's attention. The Bank of Canada has responded by raising interest rates and tightening credit conditions to combat inflation. The report emphasizes the importance of understanding the conceptual determinants of inflation and the challenges to maintaining a low and stable inflation rate.
