{
    "terms": {
        "url": "https://www.bankofcanada.ca/terms/"
    },
    "groupDetail": {
        "label": "Chart 9: Wage growth expectations have eased",
        "description": "Wage growth: Over the next 12 months, are increases in labour costs expected to be higher, lower or about the same as over the past 12 months? Expected wage increase: What do you expect your average wage increase to be next year?\n\n* Percentage of firms expecting higher labour cost increases minus the percentage expecting lower labour cost increases\nBOS is the Business Outlook Survey and BLP is the Business Leaders’ Pulse. In the BLP, firms can select from predetermined ranges, which can be open or closed. We use the midpoints of the closed ranges. We assign a value of -1% to responses in the lowest open-ended range and 9% to responses in the highest open-ended range (“8% or higher”). This question in the BLP is typically asked only one month each quarter. The question was not asked in any month during the second quarter of 2022.\n\nBusiness Outlook Survey and Business Leaders’ Pulse",
        "link": "https://www.bankofcanada.ca/?p=245382"
    },
    "seriesDetail": {
        "COSTS": {
            "label": "Balance of opinion *",
            "description": "Wage Growth - Over the next 12 months, are increases in labour costs expected to be higher, lower or about the same rate as over the past 12 months?",
            "dimension": {
                "key": "d",
                "name": "Date"
            }
        },
        "BOS_2025Q1_C9_S2": {
            "label": "BOS: Expected wage increase, change over the next 12 months (year-over-year percentage change, right scale)",
            "description": "",
            "dimension": {
                "key": "d",
                "name": "Date"
            }
        },
        "BOS_2025Q1_C9_S3": {
            "label": "BLP: Expected wage increase, change over the next 12 months (year-over-year percentage change, right scale)",
            "description": "",
            "dimension": {
                "key": "d",
                "name": "Date"
            }
        }
    },
    "observations": [
        {
            "d": "1999-01-01",
            "COSTS": {
                "v": "13"
            }
        },
        {
            "d": "1999-04-01",
            "COSTS": {
                "v": "26"
            }
        },
        {
            "d": "1999-07-01",
            "COSTS": {
                "v": "25"
            }
        },
        {
            "d": "1999-10-01",
            "COSTS": {
                "v": "26"
            }
        },
        {
            "d": "2000-01-01",
            "COSTS": {
                "v": "35"
            }
        },
        {
            "d": "2000-04-01",
            "COSTS": {
                "v": "50"
            }
        },
        {
            "d": "2000-07-01",
            "COSTS": {
                "v": "37"
            }
        },
        {
            "d": "2000-10-01",
            "COSTS": {
                "v": "45"
            }
        },
        {
            "d": "2001-01-01",
            "COSTS": {
                "v": "32"
            }
        },
        {
            "d": "2001-04-01",
            "COSTS": {
                "v": "15"
            }
        },
        {
            "d": "2001-07-01",
            "COSTS": {
                "v": "11"
            }
        },
        {
            "d": "2001-10-01",
            "COSTS": {
                "v": "-21"
            }
        },
        {
            "d": "2002-01-01",
            "COSTS": {
                "v": "9"
            }
        },
        {
            "d": "2002-04-01",
            "COSTS": {
                "v": "16"
            }
        },
        {
            "d": "2002-07-01",
            "COSTS": {
                "v": "19"
            }
        },
        {
            "d": "2002-10-01",
            "COSTS": {
                "v": "9"
            }
        },
        {
            "d": "2003-01-01",
            "COSTS": {
                "v": "23"
            }
        },
        {
            "d": "2003-04-01",
            "COSTS": {
                "v": "2"
            }
        },
        {
            "d": "2003-07-01",
            "COSTS": {
                "v": "6"
            }
        },
        {
            "d": "2003-10-01",
            "COSTS": {
                "v": "9"
            }
        },
        {
            "d": "2004-01-01",
            "COSTS": {
                "v": "24"
            }
        },
        {
            "d": "2004-04-01",
            "COSTS": {
                "v": "29"
            }
        },
        {
            "d": "2004-07-01",
            "COSTS": {
                "v": "19"
            }
        },
        {
            "d": "2004-10-01",
            "COSTS": {
                "v": "18"
            }
        },
        {
            "d": "2005-01-01",
            "COSTS": {
                "v": "14"
            }
        },
        {
            "d": "2005-04-01",
            "COSTS": {
                "v": "11"
            }
        },
        {
            "d": "2005-07-01",
            "COSTS": {
                "v": "31"
            }
        },
        {
            "d": "2005-10-01",
            "COSTS": {
                "v": "34"
            }
        },
        {
            "d": "2006-01-01",
            "COSTS": {
                "v": "28"
            }
        },
        {
            "d": "2006-04-01",
            "COSTS": {
                "v": "27"
            }
        },
        {
            "d": "2006-07-01",
            "COSTS": {
                "v": "35"
            }
        },
        {
            "d": "2006-10-01",
            "COSTS": {
                "v": "25"
            }
        },
        {
            "d": "2007-01-01",
            "COSTS": {
                "v": "14"
            }
        },
        {
            "d": "2007-04-01",
            "COSTS": {
                "v": "4"
            }
        },
        {
            "d": "2007-07-01",
            "COSTS": {
                "v": "6"
            }
        },
        {
            "d": "2007-10-01",
            "COSTS": {
                "v": "6"
            }
        },
        {
            "d": "2008-01-01",
            "COSTS": {
                "v": "4"
            }
        },
        {
            "d": "2008-04-01",
            "COSTS": {
                "v": "13"
            }
        },
        {
            "d": "2008-07-01",
            "COSTS": {
                "v": "4"
            }
        },
        {
            "d": "2008-10-01",
            "COSTS": {
                "v": "-47"
            }
        },
        {
            "d": "2009-01-01",
            "COSTS": {
                "v": "-52"
            }
        },
        {
            "d": "2009-04-01",
            "COSTS": {
                "v": "-41"
            }
        },
        {
            "d": "2009-07-01",
            "COSTS": {
                "v": "-7"
            }
        },
        {
            "d": "2009-10-01",
            "COSTS": {
                "v": "6"
            }
        },
        {
            "d": "2010-01-01",
            "COSTS": {
                "v": "3"
            }
        },
        {
            "d": "2010-04-01",
            "COSTS": {
                "v": "22"
            }
        },
        {
            "d": "2010-07-01",
            "COSTS": {
                "v": "15"
            }
        },
        {
            "d": "2010-10-01",
            "COSTS": {
                "v": "16"
            }
        },
        {
            "d": "2011-01-01",
            "COSTS": {
                "v": "26"
            }
        },
        {
            "d": "2011-04-01",
            "COSTS": {
                "v": "29"
            }
        },
        {
            "d": "2011-07-01",
            "COSTS": {
                "v": "7"
            }
        },
        {
            "d": "2011-10-01",
            "COSTS": {
                "v": "20"
            }
        },
        {
            "d": "2012-01-01",
            "COSTS": {
                "v": "14"
            }
        },
        {
            "d": "2012-04-01",
            "COSTS": {
                "v": "19"
            }
        },
        {
            "d": "2012-07-01",
            "COSTS": {
                "v": "7"
            }
        },
        {
            "d": "2012-10-01",
            "COSTS": {
                "v": "3"
            }
        },
        {
            "d": "2013-01-01",
            "COSTS": {
                "v": "-1"
            }
        },
        {
            "d": "2013-04-01",
            "COSTS": {
                "v": "4"
            }
        },
        {
            "d": "2013-07-01",
            "COSTS": {
                "v": "12"
            }
        },
        {
            "d": "2013-10-01",
            "COSTS": {
                "v": "17"
            }
        },
        {
            "d": "2014-01-01",
            "COSTS": {
                "v": "9"
            }
        },
        {
            "d": "2014-04-01",
            "COSTS": {
                "v": "11"
            }
        },
        {
            "d": "2014-07-01",
            "COSTS": {
                "v": "11"
            }
        },
        {
            "d": "2014-10-01",
            "COSTS": {
                "v": "2"
            }
        },
        {
            "d": "2015-01-01",
            "COSTS": {
                "v": "-6"
            }
        },
        {
            "d": "2015-04-01",
            "COSTS": {
                "v": "1"
            }
        },
        {
            "d": "2015-07-01",
            "COSTS": {
                "v": "-3"
            }
        },
        {
            "d": "2015-10-01",
            "COSTS": {
                "v": "-4"
            }
        },
        {
            "d": "2016-01-01",
            "COSTS": {
                "v": "17"
            }
        },
        {
            "d": "2016-04-01",
            "COSTS": {
                "v": "-5"
            }
        },
        {
            "d": "2016-07-01",
            "COSTS": {
                "v": "14"
            }
        },
        {
            "d": "2016-10-01",
            "COSTS": {
                "v": "21"
            }
        },
        {
            "d": "2017-01-01",
            "COSTS": {
                "v": "13"
            },
            "BOS_2025Q1_C9_S2": {
                "v": "2.61"
            }
        },
        {
            "d": "2017-04-01",
            "COSTS": {
                "v": "22"
            },
            "BOS_2025Q1_C9_S2": {
                "v": "3.03"
            }
        },
        {
            "d": "2017-07-01",
            "COSTS": {
                "v": "20"
            },
            "BOS_2025Q1_C9_S2": {
                "v": "3.01"
            }
        },
        {
            "d": "2017-10-01",
            "COSTS": {
                "v": "25"
            },
            "BOS_2025Q1_C9_S2": {
                "v": "3.42"
            }
        },
        {
            "d": "2018-01-01",
            "COSTS": {
                "v": "25"
            },
            "BOS_2025Q1_C9_S2": {
                "v": "3.37"
            }
        },
        {
            "d": "2018-04-01",
            "COSTS": {
                "v": "18"
            },
            "BOS_2025Q1_C9_S2": {
                "v": "3.75"
            }
        },
        {
            "d": "2018-07-01",
            "COSTS": {
                "v": "18"
            },
            "BOS_2025Q1_C9_S2": {
                "v": "3.15"
            }
        },
        {
            "d": "2018-10-01",
            "COSTS": {
                "v": "23"
            },
            "BOS_2025Q1_C9_S2": {
                "v": "3.92"
            }
        },
        {
            "d": "2019-01-01",
            "COSTS": {
                "v": "15"
            },
            "BOS_2025Q1_C9_S2": {
                "v": "3.03"
            }
        },
        {
            "d": "2019-04-01",
            "COSTS": {
                "v": "7"
            },
            "BOS_2025Q1_C9_S2": {
                "v": "3.23"
            }
        },
        {
            "d": "2019-07-01",
            "COSTS": {
                "v": "13"
            },
            "BOS_2025Q1_C9_S2": {
                "v": "3.00"
            }
        },
        {
            "d": "2019-10-01",
            "COSTS": {
                "v": "11"
            },
            "BOS_2025Q1_C9_S2": {
                "v": "3.22"
            }
        },
        {
            "d": "2020-01-01",
            "COSTS": {
                "v": "10"
            },
            "BOS_2025Q1_C9_S2": {
                "v": "2.79"
            }
        },
        {
            "d": "2020-04-01",
            "COSTS": {
                "v": "-35"
            },
            "BOS_2025Q1_C9_S2": {
                "v": "1.45"
            }
        },
        {
            "d": "2020-07-01",
            "COSTS": {
                "v": "-21"
            },
            "BOS_2025Q1_C9_S2": {
                "v": "2.15"
            }
        },
        {
            "d": "2020-10-01",
            "COSTS": {
                "v": "0"
            },
            "BOS_2025Q1_C9_S2": {
                "v": "3.31"
            }
        },
        {
            "d": "2021-01-01",
            "COSTS": {
                "v": "20"
            },
            "BOS_2025Q1_C9_S2": {
                "v": "2.55"
            }
        },
        {
            "d": "2021-04-01",
            "COSTS": {
                "v": "43"
            },
            "BOS_2025Q1_C9_S2": {
                "v": "4.02"
            }
        },
        {
            "d": "2021-07-01",
            "COSTS": {
                "v": "50"
            },
            "BOS_2025Q1_C9_S2": {
                "v": "4.37"
            }
        },
        {
            "d": "2021-10-01",
            "COSTS": {
                "v": "72"
            },
            "BOS_2025Q1_C9_S2": {
                "v": "4.80"
            }
        },
        {
            "d": "2022-01-01",
            "COSTS": {
                "v": "68"
            },
            "BOS_2025Q1_C9_S2": {
                "v": "5.16"
            },
            "BOS_2025Q1_C9_S3": {
                "v": "3.4"
            }
        },
        {
            "d": "2022-04-01",
            "COSTS": {
                "v": "61"
            },
            "BOS_2025Q1_C9_S2": {
                "v": "5.84"
            }
        },
        {
            "d": "2022-07-01",
            "COSTS": {
                "v": "38"
            },
            "BOS_2025Q1_C9_S2": {
                "v": "4.92"
            },
            "BOS_2025Q1_C9_S3": {
                "v": "3.8"
            }
        },
        {
            "d": "2022-10-01",
            "COSTS": {
                "v": "31"
            },
            "BOS_2025Q1_C9_S2": {
                "v": "4.66"
            },
            "BOS_2025Q1_C9_S3": {
                "v": "3.5"
            }
        },
        {
            "d": "2023-01-01",
            "COSTS": {
                "v": "22"
            },
            "BOS_2025Q1_C9_S2": {
                "v": "4.67"
            },
            "BOS_2025Q1_C9_S3": {
                "v": "3.2"
            }
        },
        {
            "d": "2023-04-01",
            "COSTS": {
                "v": "-19"
            },
            "BOS_2025Q1_C9_S2": {
                "v": "4.48"
            },
            "BOS_2025Q1_C9_S3": {
                "v": "3.7"
            }
        },
        {
            "d": "2023-07-01",
            "COSTS": {
                "v": "-50"
            },
            "BOS_2025Q1_C9_S2": {
                "v": "4.30"
            },
            "BOS_2025Q1_C9_S3": {
                "v": "3.4"
            }
        },
        {
            "d": "2023-10-01",
            "COSTS": {
                "v": "-22"
            },
            "BOS_2025Q1_C9_S2": {
                "v": "4.13"
            },
            "BOS_2025Q1_C9_S3": {
                "v": "3.3"
            }
        },
        {
            "d": "2024-01-01",
            "COSTS": {
                "v": "-18"
            },
            "BOS_2025Q1_C9_S2": {
                "v": "4.12"
            },
            "BOS_2025Q1_C9_S3": {
                "v": "3.2"
            }
        },
        {
            "d": "2024-04-01",
            "COSTS": {
                "v": "-46"
            },
            "BOS_2025Q1_C9_S2": {
                "v": "3.42"
            },
            "BOS_2025Q1_C9_S3": {
                "v": "3.3"
            }
        },
        {
            "d": "2024-07-01",
            "COSTS": {
                "v": "-36"
            },
            "BOS_2025Q1_C9_S2": {
                "v": "3.52"
            },
            "BOS_2025Q1_C9_S3": {
                "v": "2.9"
            }
        },
        {
            "d": "2024-10-01",
            "COSTS": {
                "v": "-42"
            },
            "BOS_2025Q1_C9_S2": {
                "v": "3.26"
            },
            "BOS_2025Q1_C9_S3": {
                "v": "2.8"
            }
        },
        {
            "d": "2025-01-01",
            "COSTS": {
                "v": "-33"
            },
            "BOS_2025Q1_C9_S2": {
                "v": "3.37"
            },
            "BOS_2025Q1_C9_S3": {
                "v": "2.5"
            }
        }
    ]
}