Heat-flation? Report Says Canadian Government Tried to Rename Inflation to Blame It On Climate Change

Recent reports circulating online have claimed that the Canadian government considered renaming “inflation” to terms like “heat-flation” or “climate-flation” to link rising prices with climate change. 

According to Blacklock’s Reporter, a paywalled news service focusing on Canadian federal politics, the Privy Council Office allegedly conducted a focus group in April to test public reception of terms like “climate-flation” and “heat-flation”. The report suggests this was an attempt to associate the rising cost of living with climate change.

It’s important to note that there is no evidence that this proposal ever moved beyond the exploratory stage or that it was seriously considered by senior government officials. The Canadian government has not made any official statements or policy changes regarding the renaming of inflation.

Inflation, as defined by economists, refers to a general increase in prices and fall in the purchasing value of money. Its causes are complex and multifaceted, including factors such as monetary policy, supply chain disruptions, and global economic conditions.

While climate change can impact certain prices, particularly in agriculture due to extreme weather events, it is not typically considered a primary driver of overall inflation by mainstream economists.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

One Response

Video Articles

Silver @ $36 & We’re Still 200M Oz Short | Paul Andre Huet – Americas Gold and Silver

Gold’s Wild Bull Run: Are Markets About to Break? | Mike McGlone

First Majestic Silver: The Santa Elena Mine

Recommended

Goliath Resources Closes Out Funding Round With Total Gross Proceeds Of $27.1 Million

Silver47 Kickstarts 4,000 Metre Drill Campaign At Red Mountain Project

Related News

McDonald’s Hikes Menu Prices Amid Surging Food and Labour Costs

Consumers are about to pay a lot more for a Big Mac, as surging food...

Saturday, October 30, 2021, 03:09:00 PM

Quebec Hands Out Money… To Fight Inflation

In today’s class on How to Combat Inflation 101, we learn that the best way...

Wednesday, March 23, 2022, 11:17:00 AM

Canada’s Economy Weakening Amid High Inflation, Rising Rates

Canada’s economy showed signs of losing steam over the past two months, as persistently high...

Friday, July 29, 2022, 12:36:00 PM

US Coal Prices Soar to 12-Year High as Energy Crisis Deepens

The price of coal hit the highest in more than a decade, further adding to...

Tuesday, November 16, 2021, 10:13:00 AM

Canadian Wholesale Trade Fell by 21.6% in April Amid Coronavirus Pandemic

The coronavirus pandemic caused many businesses across Canada to shut their doors, while consumers were...

Friday, June 19, 2020, 12:41:00 PM