Canadian Survey of Consumer Expectations—Third Quarter of 2023 https://www.bankofcanada.ca/?p=235139 It will lower the inflation rate It will raise the inflation rate Impact is uncertain What actions are you taking to protect yourself against inflation? Not impacted Worse off About the same Better off Above the maximum affordable mortgage payment (less than 0.95) Close to the maximum affordable mortgage payment (0.95–1.05) Slightly below the maximum affordable mortgage payment (1.06–1.25) Far below the maximum affordable mortgage payment (more than 1.25) All respondents Past 6 months Next 6 months Less than last year About the same More than last year 2023Q2—all respondents 2023Q3—all respondents 2023Q3—newcomers Survey average 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? 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? Actual consumer price index inflation, year-over-year, all items 2023Q3 Average 2014Q4–2023Q1 37.9227.6034.49 38.6922.1039.21 72.8117.1710.02 74.8915.559.57 58.13 39.31 34.30 26.35 24.34 16.07 12.77 6.57 5.58 1.89 1.14 53.1137.226.633.04 63.3629.962.733.96 8.6485.124.162.09 37.5050.4111.690.40 51.5038.416.693.39 75.8916.282.984.85 12.4326.5026.8134.26 3.79 11.05 22.10 27.60 6.64 11.84 16.97 24.8324.03 7.509.24 13.199.34 10.7778.199.19 10.1673.7813.56 21194419 13122711 13122913 3.160.42 9.823.01 4.241.00 4.421.11 4.480.64 3.580.84 3.630.88 3.590.66 3.540.51 2.912.411.97 2.082.041.07 2.512.030.91 2.202.061.22 2.182.031.27 2.492.081.54 2.092.041.56 2.082.041.23 2.542.031.41 2.442.061.88 2.202.051.33 2.082.011.37 2.232.031.83 2.712.432.03 2.892.592.28 2.932.452.61 2.542.272.05 2.642.341.66 2.572.102.18 2.422.011.92 2.232.072.06 2.492.101.81 2.752.040.00 2.222.030.32 2.862.020.78 2.102.011.46 3.072.213.34 3.723.014.09 4.884.094.73 5.075.035.82 6.826.067.58 7.117.967.14 7.187.946.64 6.017.115.23 5.097.023.47 5.036.60