Natural disasters and inflation in Canada

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.

Institutions

Publication Details

Journal
Bank of Canada Research
Published
2025-03-04
DOI
https://doi.org/10.34989/san-2025-8
Citations
1
Primary Topic
Disaster Management and Resilience
Type
article
Field-Weighted Citation Impact
4.20
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article

Natural disasters and inflation in Canada

1 citations
Bank of Canada Research
Disaster Management and Resilience
4.20
article

Natural disasters and inflation in Canada

article en
1 citations

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.

Bank of Canada Research
Bank of Canada (CA)
Climate action
Openalex Percentile: Top 5%
Disaster Management and Resilience
4.20
DOIOpen Access PDFOpenAlex
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Natural disasters and inflation in Canada · Bank of Canada Research (2025) | TGRS Research Map | TGRS