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‘This may be a permanent reduction in our living standards’: Trevor Tombe on what experts are getting wrong about the inflation story

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A commuter pumps gas into their vehicle at a Esso gas station in Toronto on Tuesday, June 15, 2021. Tijana Martin/The Canadian Press.

University of Calgary economist and regular Hub contributor Trevor Tombe discusses his latest article on the difference between inflation growth and price levels and how certain goods such as food and housing have faced far faster price inflation than the rest of the economy.