The consulting and accounting firm’s June 2021 Global Consumer Insights Pulse Survey also reported a strong shift to online shopping as people were first confined by lockdowns, and continued to work-from-home.
We are encouraged by that, but we are also seized with the importance of staying the course and restoring price stability for Canadians. Several things still have to happen to get inflation all the way back to the 2% target. Inflation expectations have to come down further, services price inflation and wage growth need to moderate, and corporate pricing behaviour has to normalize.