Inflation;
Markups;
Firm pricing;
Market structure and pricing;
D O I:
10.1016/j.econlet.2023.111449
中图分类号:
F [经济];
学科分类号:
02 ;
摘要:
We measure the contribution to inflation from the growth in markups of Canadian firms. The dynamics of inflation and markups suggest that changes in markups could account for less than one-tenth of inflation in 2021. Further, they suggest that peak inflation was driven primarily by changes in firms' costs.