Natural disasters and inflation in Canada

Thibaut Duprey and Victoria Fernandes

No 2025-8, Staff Analytical Notes from Bank of Canada

Abstract: How do storms, floods and wildfires affect consumer prices? In the short term, natural disasters can significantly increase volatility in Canada-wide inflation. Over the long term, natural disasters influence inflation in shelter prices, especially when provincial output is already weak relative to trend.

Keywords: Climate change; Inflation and prices; Central bank research (search for similar items in EconPapers)
JEL-codes: E31 Q54 (search for similar items in EconPapers)
Date: 2025-03
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