As a result, the Canadian CPI hit an all-time high of 12.9%. Paul Volcker wanted to tame inflation and the Bank of Canada followed suit. The prime rate, which had fallen to 12.25% in July 1980 ...

Donald Trump promised as a candidate that he could easily conquer inflation, but the reality is proving tougher than he expected ...

Trump has long proposed raising tariffs—or taxes on imported goods that the businesses importing them pay the U.S. government ...

The full suite of tariffs sought by the administration would have created notable upward pressure for already high levels of inflation, a report said.