Figure 2: Pie chart of the destination of inflation dollars comparing the third quarter of 2020 broken down by into profits, labour compensation, and other costs. Profits were the largest segment at $29.6 billion or 41%, while labour compensation represented only $24.3 billion or 34%.
Includes only the business sector. Represents the increase in costs in each category after adjusting for real GDP growth in the business sector through the creation of unit labour costs, unit profits and unit other costs. See the methodology section. Dollar figures represent the cumulative percentage change in prices on a quarterly basis. Time frame goes from the third quarter 2020 through to the third quarter 2022.