Canadian Survey of Consumer Expectations—First Quarter of 2023 https://www.bankofcanada.ca/?p=232467 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? 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? 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? 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? Supply chain issues High government spending Yes, I know there's an inflation target No, I don't know there's an inflation target 1-year-ahead inflation expectations, consumers with consistent views 1-year-ahead inflation expectations, consumers with inconsistent views 1-year-ahead inflation expectations, professional forecasters Actual inflation Much worse off Somewhat worse off Not impacted/offsetting/don't know Better off Less often About as often More often Go out to restaurants or for other social activities Travel or stay at hotels for leisure Share negatively affected Not worse off Worse off Significant decline Small decline No change Growth Easy to predict Difficult to predict Not sure 2023Q1 Atlantic By about what percent do you expect the average home price in your area to increase (decrease)? Quebec By about what percent do you expect the average home price in your area to increase (decrease)? Ontario By about what percent do you expect the average home price in your area to increase (decrease)? Manitoba By about what percent do you expect the average home price in your area to increase (decrease)? Saskatchewan By about what percent do you expect the average home price in your area to increase (decrease)? Alberta By about what percent do you expect the average home price in your area to increase (decrease)? British Columbia By about what percent do you expect the average home price in your area to increase (decrease)? Canada By about what percent do you expect the average home price in your area to increase (decrease)? Goods, private Services, private Services, public 2021Q3 2021Q4 2023Q1 2.913.032.413.117.121.881.93 2.082.912.042.906.312.091.08 2.512.933.722.032.997.482.140.90 2.202.753.672.062.545.122.071.19 2.182.933.622.032.735.611.971.33 2.492.893.172.083.057.732.001.54 2.092.853.322.043.755.534.272.561.6211.151.794.892.806.602.051.55 2.082.763.952.043.125.424.102.100.335.562.554.382.676.042.101.23 2.542.943.902.032.985.422.730.100.495.162.644.252.895.752.061.39 2.442.923.832.062.907.172.91-0.092.264.892.584.702.808.112.041.91 2.202.763.592.053.509.014.302.782.267.143.654.912.825.892.001.32 2.082.753.962.013.254.312.171.462.768.063.104.242.678.981.941.37 2.232.833.622.033.294.962.531.403.788.322.924.692.677.701.901.79 2.713.134.092.434.114.894.221.842.828.572.344.503.067.692.012.06 2.893.324.262.594.354.574.011.372.475.282.894.322.843.311.783.047.891.992.30 2.933.013.942.453.934.772.861.382.384.703.154.522.342.471.953.206.742.022.68 2.542.983.932.274.294.402.860.271.353.402.293.612.302.921.952.927.492.112.04 2.642.993.972.344.094.742.22-0.171.554.253.473.722.472.551.892.986.512.031.61 2.572.973.822.104.194.733.130.501.412.482.673.802.372.361.622.906.121.992.15 2.422.873.912.014.254.572.091.271.742.242.373.952.382.121.842.787.141.991.94 2.232.913.572.074.405.134.161.300.744.753.604.452.917.901.952.09 2.492.943.922.104.955.962.641.331.494.273.044.792.982.471.852.809.741.941.81 2.753.013.252.040.700.990.20-1.37-4.31-0.310.270.031.941.841.253.295.211.930.02 2.222.953.552.034.345.134.531.920.614.273.554.672.131.851.503.066.261.710.27 2.863.003.122.025.205.693.612.621.284.764.764.982.132.351.563.067.491.680.78 2.102.993.732.015.296.274.362.182.505.934.925.322.122.621.292.875.111.891.44 3.073.003.112.218.606.965.294.594.826.486.265.732.152.081.713.5913.172.013.35 3.723.063.093.015.415.624.304.404.326.055.045.302.162.301.214.0913.452.354.06 4.884.103.544.095.388.753.074.774.735.815.545.722.922.121.925.329.452.674.73 5.074.623.235.036.049.006.254.415.128.938.737.123.462.641.845.8911.472.195.83 6.825.024.006.067.097.735.394.205.157.127.376.003.092.741.586.9520.602.517.55 7.115.223.447.962.750.702.842.551.811.591.941.804.023.421.727.2011.723.277.15 7.185.143.107.942.000.641.141.741.800.102.701.453.922.821.567.4011.733.506.67 6.014.242.897.112.552.242.232.062.362.223.942.334.223.131.706.409.982.244.90 9.706.32 54.4129.31 25.8831.66 10.0132.72 5.856.89 3.924.72 2.513.81 17.439.140.92.6 16.734.947.11.2 12.618.764.93.8 8.017.471.23.4 3.512.182.51.9 1.110.086.62.3 31.155.313.7 37.055.87.2 58.0356.63 55.8145.37 35.6231.19 24.2322.02 13.0629.01 7.536.53 20.2537.7127.2814.76 36.0557.496.46 6.12 4.94 21.9022.9522.79 13.6611.2822.91 33.6 44.8 51.8 59.7 51.2 54.3 60.8 30.6351.68 18.2255.89 20.8961.65 25.9647.89 56.2568.39 50.5864.82