Businesses expect inflation to come roaring back this year
In the Bank of Canada's sruvey, the number of businesses who say their costs will rise this year (inputs) rose to a record. But so did the proportion of those who expect the costs they can pass on to consumers will, too (outputs)
This chart shows, in red, the percentage of businesses who think their inputs costs will rise this year, and in blue, the percentage who think their output costs will rise, too. Both figures are now at over 40 per cent, which is a record.