{ "terms": { "url": "https://www.bankofcanada.ca/terms/" }, "groupDetail": { "label": "Chart 12: Businesses’ short-term inflation expectations have returned to late-2024 levels", "description": "BOS estimate: Over the next two years, what do you expect the annual rate of inflation to be, based on the consumer price index? BLP estimates: What do you expect the rate of annual inflation to be in about one, two and five years from now?\n\nNote: BOS is the Business Outlook Survey; BLP is the Business Leaders’ Pulse. In the BOS, firms can select from predetermined ranges and also provide a point estimate. In a subset of cases, firms provide a range only, which can be closed or open. If the range is closed, we use the midpoint of the range. If the range is open, we use the average point estimate of other firms in that range. The value for each quarter is the trimmed mean, excluding the two highest and two lowest responses. 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 (“deflation”) and 9% to responses in the highest open-ended range (“8% or higher”). This question was not asked in the January or March 2022 BLP.", "link": "https://www.bankofcanada.ca/?p=246806" }, "seriesDetail": { "BOS_2025Q2_C12_S1": { "label": "BLP, 1-year-ahead", "description": "", "dimension": { "key": "d", "name": "Date" } }, "BOS_2025Q2_C12_S2": { "label": "BLP, 2-year-ahead", "description": "", "dimension": { "key": "d", "name": "Date" } }, "BOS_2025Q2_C12_S3": { "label": "BLP, 5-year-ahead", "description": "", "dimension": { "key": "d", "name": "Date" } }, "BOS_2025Q2_C12_S4": { "label": "BOS, over the next 2 years", "description": "", "dimension": { "key": "d", "name": "Date" } } }, "observations": [ { "d": "2019-03-01", "BOS_2025Q2_C12_S4": { "v": "1.88" } }, { "d": "2019-06-01", "BOS_2025Q2_C12_S4": { "v": "1.89" } }, { "d": "2019-09-01", "BOS_2025Q2_C12_S4": { "v": "1.86" } }, { "d": "2019-12-01", "BOS_2025Q2_C12_S4": { "v": "1.89" } }, { "d": "2020-03-01", "BOS_2025Q2_C12_S4": { "v": "1.93" } }, { "d": "2020-06-01", "BOS_2025Q2_C12_S4": { "v": "1.45" } }, { "d": "2020-09-01", "BOS_2025Q2_C12_S4": { "v": "1.90" } }, { "d": "2020-12-01", "BOS_2025Q2_C12_S4": { "v": "1.81" } }, { "d": "2021-03-01", "BOS_2025Q2_C12_S4": { "v": "2.28" } }, { "d": "2021-06-01", "BOS_2025Q2_C12_S4": { "v": "2.78" } }, { "d": "2021-09-01", "BOS_2025Q2_C12_S4": { "v": "3.03" } }, { "d": "2021-11-01", "BOS_2025Q2_C12_S1": { "v": "4.40" }, "BOS_2025Q2_C12_S2": { "v": "3.26" }, "BOS_2025Q2_C12_S3": { "v": "2.59" } }, { "d": "2021-12-01", "BOS_2025Q2_C12_S1": { "v": "4.44" }, "BOS_2025Q2_C12_S2": { "v": "3.22" }, "BOS_2025Q2_C12_S3": { "v": "2.65" }, "BOS_2025Q2_C12_S4": { "v": "3.75" } }, { "d": "2022-02-01", "BOS_2025Q2_C12_S1": { "v": "4.72" }, "BOS_2025Q2_C12_S2": { "v": "3.36" }, "BOS_2025Q2_C12_S3": { "v": "2.84" } }, { "d": "2022-03-01", "BOS_2025Q2_C12_S4": { "v": "3.80" } }, { "d": "2022-04-01", "BOS_2025Q2_C12_S1": { "v": "5.37" }, "BOS_2025Q2_C12_S2": { "v": "3.64" }, "BOS_2025Q2_C12_S3": { "v": "2.62" } }, { "d": "2022-05-01", "BOS_2025Q2_C12_S1": { "v": "5.14" }, "BOS_2025Q2_C12_S2": { "v": "3.28" }, "BOS_2025Q2_C12_S3": { "v": "2.56" } }, { "d": "2022-06-01", "BOS_2025Q2_C12_S1": { "v": "5.45" }, "BOS_2025Q2_C12_S2": { "v": "3.36" }, "BOS_2025Q2_C12_S3": { "v": "2.51" }, "BOS_2025Q2_C12_S4": { "v": "4.77" } }, { "d": "2022-07-01", "BOS_2025Q2_C12_S1": { "v": "5.58" }, "BOS_2025Q2_C12_S2": { "v": "3.47" }, "BOS_2025Q2_C12_S3": { "v": "2.64" } }, { "d": "2022-08-01", "BOS_2025Q2_C12_S1": { "v": "5.56" }, "BOS_2025Q2_C12_S2": { "v": "3.39" }, "BOS_2025Q2_C12_S3": { "v": "2.63" } }, { "d": "2022-09-01", "BOS_2025Q2_C12_S1": { "v": "4.95" }, "BOS_2025Q2_C12_S2": { "v": "3.13" }, "BOS_2025Q2_C12_S3": { "v": "2.54" }, "BOS_2025Q2_C12_S4": { "v": "4.19" } }, { "d": "2022-10-01", "BOS_2025Q2_C12_S1": { "v": "4.77" }, "BOS_2025Q2_C12_S2": { "v": "2.95" }, "BOS_2025Q2_C12_S3": { "v": "2.45" } }, { "d": "2022-11-01", "BOS_2025Q2_C12_S1": { "v": "4.66" }, "BOS_2025Q2_C12_S2": { "v": "3.07" }, "BOS_2025Q2_C12_S3": { "v": "2.31" } }, { "d": "2022-12-01", "BOS_2025Q2_C12_S1": { "v": "4.68" }, "BOS_2025Q2_C12_S2": { "v": "3.14" }, "BOS_2025Q2_C12_S3": { "v": "2.49" }, "BOS_2025Q2_C12_S4": { "v": "4.04" } }, { "d": "2023-01-01", "BOS_2025Q2_C12_S1": { "v": "4.28" }, "BOS_2025Q2_C12_S2": { "v": "2.86" }, "BOS_2025Q2_C12_S3": { "v": "2.39" } }, { "d": "2023-02-01", "BOS_2025Q2_C12_S1": { "v": "4.63" }, "BOS_2025Q2_C12_S2": { "v": "3.23" }, "BOS_2025Q2_C12_S3": { "v": "2.73" } }, { "d": "2023-03-01", "BOS_2025Q2_C12_S1": { "v": "4.14" }, "BOS_2025Q2_C12_S2": { "v": "2.89" }, "BOS_2025Q2_C12_S3": { "v": "2.57" }, "BOS_2025Q2_C12_S4": { "v": "3.88" } }, { "d": "2023-04-01", "BOS_2025Q2_C12_S1": { "v": "3.79" }, "BOS_2025Q2_C12_S2": { "v": "2.74" }, "BOS_2025Q2_C12_S3": { "v": "2.66" } }, { "d": "2023-05-01", "BOS_2025Q2_C12_S1": { "v": "3.88" }, "BOS_2025Q2_C12_S2": { "v": "2.95" }, "BOS_2025Q2_C12_S3": { "v": "2.64" } }, { "d": "2023-06-01", "BOS_2025Q2_C12_S1": { "v": "3.82" }, "BOS_2025Q2_C12_S2": { "v": "2.76" }, "BOS_2025Q2_C12_S3": { "v": "2.42" }, "BOS_2025Q2_C12_S4": { "v": "3.54" } }, { "d": "2023-07-01", "BOS_2025Q2_C12_S1": { "v": "3.48" }, "BOS_2025Q2_C12_S2": { "v": "2.84" }, "BOS_2025Q2_C12_S3": { "v": "2.65" } }, { "d": "2023-08-01", "BOS_2025Q2_C12_S1": { "v": "3.83" }, "BOS_2025Q2_C12_S2": { "v": "2.81" }, "BOS_2025Q2_C12_S3": { "v": "2.53" } }, { "d": "2023-09-01", "BOS_2025Q2_C12_S1": { "v": "3.43" }, "BOS_2025Q2_C12_S2": { "v": "2.73" }, "BOS_2025Q2_C12_S3": { "v": "2.50" }, "BOS_2025Q2_C12_S4": { "v": "3.29" } }, { "d": "2023-10-01", "BOS_2025Q2_C12_S1": { "v": "3.67" }, "BOS_2025Q2_C12_S2": { "v": "2.63" }, "BOS_2025Q2_C12_S3": { "v": "2.38" } }, { "d": "2023-11-01", "BOS_2025Q2_C12_S1": { "v": "3.49" }, "BOS_2025Q2_C12_S2": { "v": "2.84" }, "BOS_2025Q2_C12_S3": { "v": "2.60" } }, { "d": "2023-12-01", "BOS_2025Q2_C12_S1": { "v": "3.36" }, "BOS_2025Q2_C12_S2": { "v": "2.65" }, "BOS_2025Q2_C12_S3": { "v": "2.52" }, "BOS_2025Q2_C12_S4": { "v": "3.17" } }, { "d": "2024-01-01", "BOS_2025Q2_C12_S1": { "v": "3.19" }, "BOS_2025Q2_C12_S2": { "v": "2.66" }, "BOS_2025Q2_C12_S3": { "v": "2.43" } }, { "d": "2024-02-01", "BOS_2025Q2_C12_S1": { "v": "3.04" }, "BOS_2025Q2_C12_S2": { "v": "2.61" }, "BOS_2025Q2_C12_S3": { "v": "2.57" } }, { "d": "2024-03-01", "BOS_2025Q2_C12_S1": { "v": "3.07" }, "BOS_2025Q2_C12_S2": { "v": "2.49" }, "BOS_2025Q2_C12_S3": { "v": "2.43" }, "BOS_2025Q2_C12_S4": { "v": "2.98" } }, { "d": "2024-04-01", "BOS_2025Q2_C12_S1": { "v": "3.28" }, "BOS_2025Q2_C12_S2": { "v": "2.64" }, "BOS_2025Q2_C12_S3": { "v": "2.47" } }, { "d": "2024-05-01", "BOS_2025Q2_C12_S1": { "v": "3.28" }, "BOS_2025Q2_C12_S2": { "v": "2.72" }, "BOS_2025Q2_C12_S3": { "v": "2.60" } }, { "d": "2024-06-01", "BOS_2025Q2_C12_S1": { "v": "2.86" }, "BOS_2025Q2_C12_S2": { "v": "2.46" }, "BOS_2025Q2_C12_S3": { "v": "2.47" }, "BOS_2025Q2_C12_S4": { "v": "3.00" } }, { "d": "2024-07-01", "BOS_2025Q2_C12_S1": { "v": "2.95" }, "BOS_2025Q2_C12_S2": { "v": "2.45" }, "BOS_2025Q2_C12_S3": { "v": "2.48" } }, { "d": "2024-08-01", "BOS_2025Q2_C12_S1": { "v": "2.84" }, "BOS_2025Q2_C12_S2": { "v": "2.56" }, "BOS_2025Q2_C12_S3": { "v": "2.58" } }, { "d": "2024-09-01", "BOS_2025Q2_C12_S1": { "v": "2.57" }, "BOS_2025Q2_C12_S2": { "v": "2.38" }, "BOS_2025Q2_C12_S3": { "v": "2.48" }, "BOS_2025Q2_C12_S4": { "v": "2.51" } }, { "d": "2024-10-01", "BOS_2025Q2_C12_S1": { "v": "2.44" }, "BOS_2025Q2_C12_S2": { "v": "2.35" }, "BOS_2025Q2_C12_S3": { "v": "2.43" } }, { "d": "2024-11-01", "BOS_2025Q2_C12_S1": { "v": "2.72" }, "BOS_2025Q2_C12_S2": { "v": "2.46" }, "BOS_2025Q2_C12_S3": { "v": "2.69" } }, { "d": "2024-12-01", "BOS_2025Q2_C12_S1": { "v": "2.84" }, "BOS_2025Q2_C12_S2": { "v": "2.62" }, "BOS_2025Q2_C12_S3": { "v": "2.70" }, "BOS_2025Q2_C12_S4": { "v": "2.50" } }, { "d": "2025-01-01", "BOS_2025Q2_C12_S1": { "v": "2.82" }, "BOS_2025Q2_C12_S2": { "v": "2.40" }, "BOS_2025Q2_C12_S3": { "v": "2.55" } }, { "d": "2025-02-01", "BOS_2025Q2_C12_S1": { "v": "3.30" }, "BOS_2025Q2_C12_S2": { "v": "2.93" }, "BOS_2025Q2_C12_S3": { "v": "2.67" } }, { "d": "2025-03-01", "BOS_2025Q2_C12_S1": { "v": "3.61" }, "BOS_2025Q2_C12_S2": { "v": "2.85" }, "BOS_2025Q2_C12_S3": { "v": "2.54" }, "BOS_2025Q2_C12_S4": { "v": "2.58" } }, { "d": "2025-04-01", "BOS_2025Q2_C12_S1": { "v": "3.71" }, "BOS_2025Q2_C12_S2": { "v": "2.85" }, "BOS_2025Q2_C12_S3": { "v": "2.45" } }, { "d": "2025-05-01", "BOS_2025Q2_C12_S1": { "v": "3.32" }, "BOS_2025Q2_C12_S2": { "v": "2.91" }, "BOS_2025Q2_C12_S3": { "v": "2.78" } }, { "d": "2025-06-01", "BOS_2025Q2_C12_S1": { "v": "2.93" }, "BOS_2025Q2_C12_S2": { "v": "2.65" }, "BOS_2025Q2_C12_S3": { "v": "2.63" }, "BOS_2025Q2_C12_S4": { "v": "2.72" } } ] }