Canadian Survey of Consumer Expectations—First Quarter of 2024 https://www.bankofcanada.ca/?p=237798 Perceptions about current inflation 1-year-ahead inflation expectations 2-year-ahead inflation expectations 5-year-ahead inflation expectations Actual consumer price index inflation Share of respondents 2023Q3 2023Q4 2024Q1 Worse off About the same Better off Not impacted 2024Q1 2023 average Significant decline Small decline Stable or little change Some economic growth Strong economic growth Reducing spending in response to interest rate expectations Reducing spending in response to inflation expectations 2023 average 2024Q1 Survey average 2023Q4 2024Q1 2023 average Private sector workers Public sector workers 2.412.913.031.9338.3446.15 2.042.082.911.0839.5745.77 2.032.512.933.720.9039.3345.58 2.062.202.753.671.1940.3545.40 2.032.182.933.621.3339.6344.55 2.082.492.893.171.5445.0348.45 2.042.092.853.321.5538.0744.60 2.042.082.763.951.2341.3748.99 2.032.542.943.901.3946.3951.51 2.062.442.923.831.9142.1650.02 2.052.202.763.591.3244.4150.74 2.012.082.753.961.3747.2552.14 2.032.232.833.621.7941.7045.38 2.432.713.134.092.0648.6452.00 3.031.782.592.893.324.262.3049.7554.28 2.421.952.452.933.013.942.6850.1953.44 2.731.952.272.542.983.932.0447.4650.01 2.501.892.342.642.993.971.6151.4754.49 2.341.622.102.572.973.822.1548.1251.35 2.231.842.012.422.873.911.9448.0950.77 2.072.232.913.572.0948.9453.03 2.591.852.102.492.943.921.8146.8350.52 1.941.252.042.753.013.250.0253.4651.22 1.971.502.032.222.953.550.2749.6649.45 2.241.562.022.863.003.120.7849.2549.93 2.111.292.012.102.993.731.44 2.081.712.213.073.003.113.3549.55 2.151.213.013.723.063.094.0647.23 2.361.924.094.884.103.544.7350.17 2.941.845.035.074.623.235.8350.53 2.871.586.066.825.024.007.5554.1755.15 3.531.727.967.115.223.447.1561.4560.41 3.181.567.947.185.143.106.6765.7460.10 3.501.707.116.014.242.895.1562.7457.89 2.941.977.025.093.932.893.5263.4556.43 3.112.026.605.034.042.753.6965.3459.06 3.052.245.904.913.942.623.2168.7863.09 3.182.345.254.923.763.1264.1560.50 63.09 46.81 44.95 42.28 32.61 31.27 18.89 18.78 16.46 5.945.445.06 7.145.785.24 7.046.475.59 9.519.297.94 9.389.228.78 9.599.369.20 56.638.111.3633.90 61.8412.732.8522.58 61.7010.662.3325.31 66.1710.941.1021.79 64.508.641.5225.34 61.7012.922.3823.00 29.962.733.9663.36 35.685.854.3854.10 34.976.423.3555.25 37.226.633.0453.11 39.477.382.5050.65 36.077.033.4553.45 1.151.67 1.031.48 1.211.68 0.691.37 0.340.30 1.501.47 20.0737.8527.2113.271.60 16.0434.3533.1815.161.26 21.4734.0230.4813.330.70 22.7638.6127.989.631.02 17.1534.6833.7913.061.32 20.5920.3118.69 13.4510.5811.34 13.0814.9813.40 16.5718.3616.57 2.102.221.84 0.421.040.94 0.180.260.38 -0.35-0.34-0.30 -0.20-2.310.09