Canadian Survey of Consumer Expectations—Third Quarter of 2022 https://www.bankofcanada.ca/?p=228604 5-year-ahead inflation expectations Inflation expectations for each horizon: What do you expect the rate of inflation (deflation) to be? Perceptions about current inflation: What do you think the rate of inflation (deflation) was over the last 12 months? 2-year-ahead inflation expectations Inflation expectations for each horizon: What do you expect the rate of inflation (deflation) to be? Perceptions about current inflation: What do you think the rate of inflation (deflation) was over the last 12 months? Perceptions about current inflation Inflation expectations for each horizon: What do you expect the rate of inflation (deflation) to be? Perceptions about current inflation: What do you think the rate of inflation (deflation) was over the last 12 months? 1-year-ahead inflation expectations Inflation expectations for each horizon: What do you expect the rate of inflation (deflation) to be? Perceptions about current inflation: What do you think the rate of inflation (deflation) was over the last 12 months? Dispersion of 1-year-ahead inflation expectations Dispersion of 2-year-ahead inflation expectations Dispersion of perceptions about current inflation Dispersion of 5-year-ahead inflation expectations Those who know Canada has an inflation target Those who do not know Canada has an inflation target Reduce inflation Increase inflation Not sure Wage adjustment is lower than inflation Wage adjustment is higher than inflation Net* Frequency Options Changing behaviour Reducing spending 2022Q3 Average Expected wage growth, next 12 months, public sector Expected wage growth, next 12 months, private sector Wage increase 2.913.032.413.03.03.0 2.082.912.043.53.02.5 2.512.933.722.033.53.03.55.0 2.202.753.672.063.73.04.05.0 2.182.933.622.033.53.04.04.0 2.492.893.172.083.03.03.54.0 2.092.853.322.043.53.03.54.6 2.082.763.952.043.53.03.56.0 2.542.943.902.033.23.02.56.0 2.442.923.832.063.03.03.54.0 2.202.763.592.053.33.02.55.0 2.082.753.962.013.53.02.85.0 2.232.833.622.033.03.02.54.0 2.713.134.092.433.03.02.05.0 2.893.324.262.591.783.033.03.03.05.0 2.933.013.942.451.952.423.03.02.06.0 2.542.983.932.271.952.732.83.02.05.0 2.642.993.972.341.892.503.03.03.06.0 2.572.973.822.101.622.343.03.02.05.0 2.422.873.912.011.842.233.53.03.15.0 2.232.913.572.073.03.02.15.02.412.95 2.492.943.922.101.852.593.04.03.18.0 2.753.013.252.041.251.944.54.24.06.0 2.222.953.552.031.501.974.04.04.06.0 2.863.003.122.021.562.243.53.04.04.0 2.102.993.732.011.292.113.53.04.04.02.483.05 3.073.003.112.211.712.084.03.03.54.0 3.723.063.093.011.212.154.04.03.05.0 4.884.103.544.091.922.365.05.03.05.02.643.41 5.074.623.235.031.842.946.56.04.56.0 6.825.024.006.061.582.875.57.05.06.02.834.24 7.115.223.447.961.723.535.08.04.09.02.914.87 76.1214.889.00 40.5418.1741.29 -59.2818.08-41.20 -66.4612.97-53.49 4 18 22 42 14 25.58 21.28 19.78 14.61 7.33 4.64 4.17 0.0048.04 46.560.00 42.930.00 37.290.00 0.0035.09 0.0029.17 19.190.00 17.490.00 21.6218.45 14.9311.04 16.8413.25 17.0316.52 11.71 24.11 37.81 11.58