Canadian Survey of Consumer Expectations—Second Quarter of 2024 https://www.bankofcanada.ca/?p=239522 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? 2024Q1 2024Q2 2023Q3 2023Q4 2024Q1 2024Q2 Worse off About the same Better off Not impacted 2024Q1 2024Q2 Survey high Share of respondents Reducing spending in response to interest rate expectations Reducing spending in response to inflation expectations Share of respondents Average of previous 4 quarters 2024Q2 Survey average 2024Q1 2024Q2 Survey high Private sector workers Public sector workers 2.913.032.413846 2.082.912.044046 2.512.933.722.033946 2.202.753.672.064045 2.182.933.622.034045 2.492.893.172.084548 2.092.853.322.043845 2.082.763.952.044149 2.542.943.902.034652 2.442.923.832.064250 2.202.763.592.054451 2.082.753.962.014752 2.232.833.622.034245 2.713.134.092.434952 2.893.324.262.593.031.785054 2.933.013.942.452.421.955053 2.542.983.932.272.731.954750 2.642.993.972.342.501.895154 2.572.973.822.102.341.624851 2.422.873.912.012.231.844851 2.232.913.572.074953 2.492.943.922.102.591.854751 2.753.013.252.041.941.255351 2.222.953.552.031.971.505049 2.863.003.122.022.241.564950 2.102.993.732.012.111.29 3.073.003.112.212.081.7150 3.723.063.093.012.151.2147 4.884.103.544.092.361.9250 5.074.623.235.032.941.8451 6.825.024.006.062.871.585455 7.115.223.447.963.531.726160 7.185.143.107.943.181.566660 6.014.242.897.113.501.706358 5.093.932.897.022.941.976356 5.034.042.756.603.112.026559 4.923.942.625.903.052.246963 4.923.763.125.253.182.346460 4.093.913.205.242.932.746662 5.945.445.065.72 7.145.785.245.71 7.046.475.595.71 9.519.297.948.79 9.389.228.789.11 9.599.369.209.22 20.0018.00 13.0012.00 8.0011.00 0.009.00 8.007.00 0.006.00 6.003.00 0.003.00 3.003.00 9.005.00 8.007.00 8.008.00 578134 6213323 6211225 6611122 659225 6213223 6512122 303463 366454 356355 377353 397251 367353 378352 63.63 46.41 35.44 35.19 26.33 25.18 13.39 12.903 27 27 22 5 4 3 5 5 202219 121211 131413 171617 2.042.182.04 1.001.202.12 0.260.150.95 -0.30-1.251.34 -2.30-0.681.19 1.091.462.07 0.981.392.17 1.151.431.87 0.690.361.97 0.301.252.18 1.411.701.96