{
    "terms": {
        "url": "https://www.bankofcanada.ca/terms/"
    },
    "groupDetail": {
        "label": "Chart 9: Wage growth expectations are stabilizing after trending down for three years",
        "description": "Expected wage increase: What do you expect your firm’s average wage increase to be over the next 12 months?\n\nNote: BOS is the Business Outlook Survey and BLP is the Business Leaders’ Pulse. In the BLP, for the expected wage increase, 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 (“There will be a reduction in the average wage”) and 9% to responses in the highest open-ended range (“The rate of increase will be 8% or higher”). This question in the BLP is typically asked only one month in each quarter. The question was not asked in any month during the second quarter of 2022.\n\nSources: Business Outlook Survey and Business Leaders’ Pulse",
        "link": "https://www.bankofcanada.ca/?p=251075"
    },
    "seriesDetail": {
        "BOS_2025Q4_C9_S1": {
            "label": "BOS: Expected wage increase, change over the next 12 months (year-over-year percentage change)",
            "description": "",
            "dimension": {
                "key": "d",
                "name": "Date"
            }
        },
        "BOS_2025Q4_C9_S2": {
            "label": "BLP: Expected wage increase, change over the next 12 months (year-over-year percentage change)",
            "description": "",
            "dimension": {
                "key": "d",
                "name": "Date"
            }
        }
    },
    "observations": [
        {
            "d": "2017-01-01",
            "BOS_2025Q4_C9_S1": {
                "v": "2.6"
            }
        },
        {
            "d": "2017-04-01",
            "BOS_2025Q4_C9_S1": {
                "v": "3.0"
            }
        },
        {
            "d": "2017-07-01",
            "BOS_2025Q4_C9_S1": {
                "v": "3.0"
            }
        },
        {
            "d": "2017-10-01",
            "BOS_2025Q4_C9_S1": {
                "v": "3.4"
            }
        },
        {
            "d": "2018-01-01",
            "BOS_2025Q4_C9_S1": {
                "v": "3.4"
            }
        },
        {
            "d": "2018-04-01",
            "BOS_2025Q4_C9_S1": {
                "v": "3.8"
            }
        },
        {
            "d": "2018-07-01",
            "BOS_2025Q4_C9_S1": {
                "v": "3.2"
            }
        },
        {
            "d": "2018-10-01",
            "BOS_2025Q4_C9_S1": {
                "v": "3.9"
            }
        },
        {
            "d": "2019-01-01",
            "BOS_2025Q4_C9_S1": {
                "v": "3.0"
            }
        },
        {
            "d": "2019-04-01",
            "BOS_2025Q4_C9_S1": {
                "v": "3.2"
            }
        },
        {
            "d": "2019-07-01",
            "BOS_2025Q4_C9_S1": {
                "v": "3.0"
            }
        },
        {
            "d": "2019-10-01",
            "BOS_2025Q4_C9_S1": {
                "v": "3.2"
            }
        },
        {
            "d": "2020-01-01",
            "BOS_2025Q4_C9_S1": {
                "v": "2.8"
            }
        },
        {
            "d": "2020-04-01",
            "BOS_2025Q4_C9_S1": {
                "v": "1.5"
            }
        },
        {
            "d": "2020-07-01",
            "BOS_2025Q4_C9_S1": {
                "v": "2.2"
            }
        },
        {
            "d": "2020-10-01",
            "BOS_2025Q4_C9_S1": {
                "v": "3.3"
            }
        },
        {
            "d": "2021-01-01",
            "BOS_2025Q4_C9_S1": {
                "v": "2.6"
            }
        },
        {
            "d": "2021-04-01",
            "BOS_2025Q4_C9_S1": {
                "v": "4.0"
            }
        },
        {
            "d": "2021-07-01",
            "BOS_2025Q4_C9_S1": {
                "v": "4.4"
            }
        },
        {
            "d": "2021-10-01",
            "BOS_2025Q4_C9_S1": {
                "v": "4.8"
            }
        },
        {
            "d": "2022-01-01",
            "BOS_2025Q4_C9_S1": {
                "v": "5.2"
            },
            "BOS_2025Q4_C9_S2": {
                "v": "3.4"
            }
        },
        {
            "d": "2022-04-01",
            "BOS_2025Q4_C9_S1": {
                "v": "5.8"
            }
        },
        {
            "d": "2022-07-01",
            "BOS_2025Q4_C9_S1": {
                "v": "4.9"
            },
            "BOS_2025Q4_C9_S2": {
                "v": "3.8"
            }
        },
        {
            "d": "2022-10-01",
            "BOS_2025Q4_C9_S1": {
                "v": "4.7"
            },
            "BOS_2025Q4_C9_S2": {
                "v": "3.5"
            }
        },
        {
            "d": "2023-01-01",
            "BOS_2025Q4_C9_S1": {
                "v": "4.7"
            },
            "BOS_2025Q4_C9_S2": {
                "v": "3.2"
            }
        },
        {
            "d": "2023-04-01",
            "BOS_2025Q4_C9_S1": {
                "v": "4.5"
            },
            "BOS_2025Q4_C9_S2": {
                "v": "3.7"
            }
        },
        {
            "d": "2023-07-01",
            "BOS_2025Q4_C9_S1": {
                "v": "4.3"
            },
            "BOS_2025Q4_C9_S2": {
                "v": "3.4"
            }
        },
        {
            "d": "2023-10-01",
            "BOS_2025Q4_C9_S1": {
                "v": "4.1"
            },
            "BOS_2025Q4_C9_S2": {
                "v": "3.3"
            }
        },
        {
            "d": "2024-01-01",
            "BOS_2025Q4_C9_S1": {
                "v": "4.1"
            },
            "BOS_2025Q4_C9_S2": {
                "v": "3.2"
            }
        },
        {
            "d": "2024-04-01",
            "BOS_2025Q4_C9_S1": {
                "v": "3.4"
            },
            "BOS_2025Q4_C9_S2": {
                "v": "3.3"
            }
        },
        {
            "d": "2024-07-01",
            "BOS_2025Q4_C9_S2": {
                "v": "2.9"
            },
            "BOS_2025Q4_C9_S1": {
                "v": "3.5"
            }
        },
        {
            "d": "2024-10-01",
            "BOS_2025Q4_C9_S1": {
                "v": "3.3"
            },
            "BOS_2025Q4_C9_S2": {
                "v": "2.8"
            }
        },
        {
            "d": "2025-01-01",
            "BOS_2025Q4_C9_S1": {
                "v": "3.4"
            },
            "BOS_2025Q4_C9_S2": {
                "v": "2.5"
            }
        },
        {
            "d": "2025-04-01",
            "BOS_2025Q4_C9_S1": {
                "v": "3.2"
            },
            "BOS_2025Q4_C9_S2": {
                "v": "2.4"
            }
        },
        {
            "d": "2025-07-01",
            "BOS_2025Q4_C9_S1": {
                "v": "3.1"
            },
            "BOS_2025Q4_C9_S2": {
                "v": "2.3"
            }
        },
        {
            "d": "2025-10-01",
            "BOS_2025Q4_C9_S1": {
                "v": "3.3"
            },
            "BOS_2025Q4_C9_S2": {
                "v": "2.4"
            }
        }
    ]
}