When it comes to projecting inflation, we must consider our forecast for economic growth relative to the economy’s potential, or capacity. We do a fulsome review of Canada’s economic  BIS central bankers’ speeches  1  potential at this time each year, and this was an especially important part of the Governing Council’s deliberations.
In other words, as levels of affluence increase, the demand for proteins is bound to increase overall; the form in which they are consumed will, of course, differ based on geography and socio-cultural factors.