inflationary spiral

That began to change in 1950, when the process of paying for war expenses had triggered an inflationary spiral.

Still, with all that was learned from the 1970s, it might seem surprising that we’d find ourselves in another great inflationary spiral.

The government, trying to address the impact of rising prices while preventing an inflationary spiral, has been keen to promote such tax-free payments, which have featured in other wage deals in recent months.

"We have a duty to avoid the danger that is coming for Canadian workers if we continue down Trudeau's path. Stop the inflationary spiral," Conservative leader Pierre Poilievre wrote on social media on Tuesday.

Mr. Putin’s invasion of Ukraine and the inflationary spiral it has spawned has made a desperate situation more desperate in this landlocked nation.