{"id":45773,"date":"2024-02-21T09:06:16","date_gmt":"2024-02-21T14:06:16","guid":{"rendered":"https:\/\/carleton.ca\/economics\/?p=45773"},"modified":"2025-06-11T09:08:55","modified_gmt":"2025-06-11T13:08:55","slug":"professor-vivek-dehejia-quoted-on-recent-inflation-numbers-from-statscan","status":"publish","type":"post","link":"https:\/\/carleton.ca\/economics\/2024\/professor-vivek-dehejia-quoted-on-recent-inflation-numbers-from-statscan\/","title":{"rendered":"Professor Vivek Dehejia Quoted on Recent Inflation Numbers from StatsCan"},"content":{"rendered":"\n<section class=\"w-screen px-6 cu-section cu-section--white ml-offset-center md:px-8 lg:px-14\">\n    <div class=\"space-y-6 cu-max-w-child-5xl  md:space-y-10 cu-prose-first-last\">\n\n            <div class=\"cu-textmedia flex flex-col lg:flex-row mx-auto gap-6 md:gap-10 my-6 md:my-12 first:mt-0 max-w-5xl\">\n        <div class=\"justify-start cu-textmedia-content cu-prose-first-last\" style=\"flex: 0 0 100%;\">\n            <header class=\"font-light prose-xl cu-pageheader md:prose-2xl cu-component-updated cu-prose-first-last\">\n                                    <h1 class=\"cu-prose-first-last font-semibold !mt-2 mb-4 md:mb-6 relative after:absolute after:h-px after:bottom-0 after:bg-cu-red after:left-px text-3xl md:text-4xl lg:text-5xl lg:leading-[3.5rem] pb-5 after:w-10 text-cu-black-700 not-prose\">\n                        Professor Vivek Dehejia Quoted on Recent Inflation Numbers from StatsCan\n                    <\/h1>\n                \n                                \n                            <\/header>\n\n                    <\/div>\n\n            <\/div>\n\n    <\/div>\n<\/section>\n\n<p>Associate Professor Vivek Dehejia was quoted on iPolitics regarding the latest inflation numbers from StatsCan. Here is a quote from the article:<\/p>\n\n\n<div class=\"not-prose cu-quote cu-component-spacing\">\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cIf you\u2019re a Liberal supporter that\u2019s what you\u2019re hoping for,\u201d said Vivek Dehejia, an economics professor at Carleton University. \u201c[But] it\u2019s too early to pop the champagne corks.\u201d<\/em><\/p>\n\n\n\n<p><em>Dehejia said StatsCan\u2019s numbers for January are slightly skewered due to how high inflation was at the same time last year due to the war in Ukraine and the ensuing energy crisis.<\/em><\/p>\n\n\n\n<p><em>\u201cIt\u2019s true when you take a year-on-year calculation inflation has dropped, but that\u2019s partly an artefact of the way the calculation was made,\u201d he said. \u201cThe actual level of the CPI (Consumer Price Index) did not change from December to January.\u201d<\/em><\/p>\n\n\n\n<p><em>While Lam said lower inflation could lead to interest rate cuts in the near future, Dehejia wasn\u2019t so sure.<\/em><\/p>\n\n\n\n<p><em>\u201c[Bank of Canada Governor Tiff] Macklem\u2026 I don\u2019t think he\u2019s going to be itching to start cutting rates anytime soon,\u201d said Dehejia. \u201cWe will need a few more months where the inflation rate is ticking down to feel confident that the bank can start cutting interest rates.\u201d<\/em><\/p>\n<\/blockquote>\n<\/div>\n\n\n<p>The full article can be found on <a href=\"https:\/\/www.ipolitics.ca\/news\/economists-torn-on-the-politics-of-latest-inflation-numbers\">the iPolitics site<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Associate Professor Vivek Dehejia was quoted on iPolitics regarding the latest inflation numbers from StatsCan. Here is a quote from the article: \u201cIf you\u2019re a Liberal supporter that\u2019s what you\u2019re hoping for,\u201d said Vivek Dehejia, an economics professor at Carleton University. \u201c[But] it\u2019s too early to pop the champagne corks.\u201d Dehejia said StatsCan\u2019s numbers for [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":45154,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[415,61],"class_list":["post-45773","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-fiscal-policy","tag-vivek-dehejia"],"acf":{"cu_post_thumbnail":""},"_links":{"self":[{"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/posts\/45773","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/comments?post=45773"}],"version-history":[{"count":1,"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/posts\/45773\/revisions"}],"predecessor-version":[{"id":45774,"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/posts\/45773\/revisions\/45774"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/media\/45154"}],"wp:attachment":[{"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/media?parent=45773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/categories?post=45773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/tags?post=45773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}