The “frontiers” theme is also reflected in the images chosen to grace these notes. Each denomination represents the best of Canada: scientific discovery on the $ note, Arctic research on the $ and valour and sacrifice on the $ The bank notes we unveil today continue this tradition.
This can easily be seen when comparing prices today with prices two years ago, before the pandemic hit. Over this period, energy price inflation in the euro area was, by and large, flat (right chart slide 3). That is, households saw no increase in energy costs over the past two years.