6  Chart 7  Consumer Price Index and Energy Prices y/y % chg. 3 Items other than energy Energy (petroleum products, electricity, and gas, manufactured & piped) CPI (all items less fresh food)  2  1  0  -1  -2  -3 CY  0 7  0 8  0 9  1 0  1 1  1 2  1 3  1 4  Note: Figures for the CPI are adjusted to exclude the estimated effects of changes in the consumption tax rate.
What’s happening in the global arena has got to be top of mind for people in this room: the trade war between the United States and China, growing geopolitical unrest in many quarters. These issues are top of mind for us at the Bank of Canada too. The global development that concerns me the most, though, is rising debt.