Canadian Survey of Consumer Expectations—Fourth Quarter of 2023 https://www.bankofcanada.ca/?p=236472 2023Q3 2023Q4 2023Q3 2023Q4 Worse off About the same Better off Not impacted Reducing spending in response to interest rate expectations Reducing spending in response to inflation expectations 2023Q3 2023Q4 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? 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? 2023Q1 2023Q2 2023Q3 2023Q4 % wage growth by COLA adjustment Share of respondents Easy to predict Difficult to predict Public sector workers Private sector workers 2023Q3 2023Q4 5.945.43 7.145.77 7.046.50 9.519.28 9.339.20 9.589.37 24.3423.19 9.1811.44 10.617.96 6.919.60 6.2911.83 17.0911.20 8.977.96 4.233.37 56.638.111.3633.90 61.8412.732.8522.58 61.7010.662.3325.31 66.1710.941.1021.79 64.668.681.5225.14 29.962.733.9663.36 35.685.854.3854.10 34.976.423.3555.25 37.226.633.0453.11 39.217.412.5150.87 3.794.15 11.0511.66 22.1024.81 27.6030.32 6.645.11 11.844.88 16.9719.08 15.6216.6617.7923.47 25.3925.1429.1839.33 4.39 3.27 2.21 12 16 9 -0.40-0.48 -0.28-0.60 -0.55-0.60 -0.42-0.69 2.301.99 1.751.01 2.913.032.4138.3846.20 2.082.912.0439.5745.91 2.512.933.722.0339.3345.69 2.202.753.672.0640.3545.40 2.182.933.622.0339.6344.59 2.492.893.172.0845.0348.45 2.092.853.322.0438.1044.60 2.082.763.952.0441.3749.10 2.542.943.902.0346.3951.51 2.442.923.832.0642.1650.02 2.202.763.592.0544.4150.80 2.082.753.962.0147.2552.19 2.232.833.622.0341.7045.41 2.713.134.092.4348.6452.06 2.893.324.262.591.783.0349.7554.35 2.933.013.942.451.952.4250.1953.53 2.542.983.932.271.952.7347.4650.15 2.642.993.972.341.892.5051.4754.68 2.572.973.822.101.622.3448.1251.50 2.422.873.912.011.842.2348.0950.89 2.232.913.572.0748.9453.08 2.492.943.922.101.852.5846.8350.68 2.753.013.252.041.251.9453.4651.37 2.222.953.552.031.501.9749.6649.62 2.863.003.122.021.562.2449.2550.08 2.102.993.732.011.292.11 3.073.003.112.211.712.0849.55 3.723.063.093.011.212.1547.23 4.884.103.544.091.922.3650.17 5.074.623.235.031.842.9450.53 6.825.024.006.061.582.8754.1755.34 7.115.223.447.961.723.5361.4560.44 7.185.143.107.941.563.1865.7460.12 6.014.242.897.111.703.4762.7458.07 5.093.932.897.021.972.9463.4556.47 5.034.042.756.602.023.1065.3459.12 4.923.942.625.902.243.0568.9163.23