As of the first quarter of 2024, consumers in Canada expected the rate of inflation to be at just over three percent in five years' time. According to the survey results, Canadians expected the country's inflation rate to sit at about five percent one year into the future.
Expectations regarding future inflation trends among consumers in Canada from the fourth quarter of 2014 to the first quarter of 2024
The source explains that the figures are median values. The source asked survey respondents what they expected the rate of inflation (deflation) to be in the future.
* The source adds that before the second quarter of 2018, the survey consisted of 1,000 respondents.
Adapted from Statistics Canada, bankofcanada.ca, Q4 2014 to Q1 2024. This does not constitute an endorsement by Statistics Canada of this product.
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Bank of Canada. (April 1, 2024). Expectations regarding future inflation trends among consumers in Canada from the fourth quarter of 2014 to the first quarter of 2024 [Graph]. In Statista. Retrieved December 03, 2024, from https://www.statista.com/statistics/1360350/inflation-trend-expectations-canada/
Bank of Canada. "Expectations regarding future inflation trends among consumers in Canada from the fourth quarter of 2014 to the first quarter of 2024." Chart. April 1, 2024. Statista. Accessed December 03, 2024. https://www.statista.com/statistics/1360350/inflation-trend-expectations-canada/
Bank of Canada. (2024). Expectations regarding future inflation trends among consumers in Canada from the fourth quarter of 2014 to the first quarter of 2024. Statista. Statista Inc.. Accessed: December 03, 2024. https://www.statista.com/statistics/1360350/inflation-trend-expectations-canada/
Bank of Canada. "Expectations regarding Future Inflation Trends among Consumers in Canada from The Fourth Quarter of 2014 to The First Quarter of 2024." Statista, Statista Inc., 1 Apr 2024, https://www.statista.com/statistics/1360350/inflation-trend-expectations-canada/
Bank of Canada, Expectations regarding future inflation trends among consumers in Canada from the fourth quarter of 2014 to the first quarter of 2024 Statista, https://www.statista.com/statistics/1360350/inflation-trend-expectations-canada/ (last visited December 03, 2024)
Expectations regarding future inflation trends among consumers in Canada from the fourth quarter of 2014 to the first quarter of 2024 [Graph], Bank of Canada, April 1, 2024. [Online]. Available: https://www.statista.com/statistics/1360350/inflation-trend-expectations-canada/
