Canadian Survey of Consumer Expectations—Third Quarter of 2024 https://www.bankofcanada.ca/?p=241372 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? 2023Q3 2023Q4 2024Q1 2024Q2 2024Q3 Deflation 0%–1% inflation 1%–3% inflation 3%–5% inflation 5%+ inflation 2024Q2 2024Q3 Survey high Worse off About the same Better off Not impacted Reducing spending in response to interest rate expectations Reducing spending in response to inflation expectations 2024Q2 2024Q3 Survey average Share of respondents Share of respondents 2024Q2 2024Q3 Survey high Expected wage growth, next 12 months, 25–54 Expected wage growth, next 12 months, 25–54 Expected wage growth, next 12 months, 55+ Expected wage growth, next 12 months, 55+ Expected wage growth, next 12 months, 18–24 Expected wage growth, next 12 months, 18–24 2.913.032.4113.872.092.067.433.1354.9815.4519.0238.3446.15 2.082.912.043.572.081.7810.713.5353.6012.9719.2039.5745.77 2.512.933.722.034.231.991.257.343.6554.9915.2918.7339.3345.58 2.202.753.672.062.701.901.7012.052.0653.5514.6617.6740.3545.40 2.182.933.622.032.531.901.678.793.6252.5017.4917.6039.6344.55 2.492.893.172.087.601.851.199.153.0652.1215.1920.4845.0348.45 2.092.853.322.042.821.991.828.323.1654.6315.7218.1738.0744.60 2.082.763.952.046.222.171.397.353.8655.6315.3017.8641.3748.99 2.542.943.902.032.082.131.606.963.1155.1914.7519.9946.3951.51 2.442.923.832.065.582.031.745.252.9457.1714.4020.2442.1650.02 2.202.763.592.053.812.091.517.893.0658.0114.2316.8144.4150.74 2.082.753.962.017.232.141.885.675.2556.9613.3418.7847.2552.14 2.232.833.622.032.972.021.844.553.5160.2514.5617.1341.7045.38 2.713.134.092.437.522.551.344.181.1261.2415.3818.0848.6452.00 2.893.324.262.590.972.592.115.681.0056.2017.0220.1049.7554.28 2.933.013.942.455.082.201.795.303.2955.6217.2818.4950.1953.44 2.542.983.932.274.952.091.957.552.9057.2214.2418.0847.4650.01 2.642.993.972.345.422.101.828.022.4454.6015.4419.5051.4754.49 2.572.973.822.105.352.071.827.043.0156.0515.0518.8648.1251.35 2.422.873.912.014.162.082.059.933.7952.9813.3819.9348.0950.77 2.232.913.572.074.202.031.927.752.6957.7912.8818.8948.9453.03 2.492.943.922.108.512.121.867.544.2252.3913.3322.5346.8350.52 2.753.013.252.044.721.921.0622.203.1135.3117.1222.2753.4651.22 2.222.953.552.033.761.831.1114.244.5944.1914.6522.3449.6649.45 2.863.003.122.023.552.011.6413.132.8143.3016.5524.2049.2549.93 2.102.993.732.016.621.951.2410.713.0152.0713.3520.87 3.073.003.112.215.602.022.177.081.9545.4417.7927.7449.55 3.723.063.093.013.922.011.817.831.9538.2425.1726.8147.23 4.884.103.544.094.192.071.825.612.0122.7231.5438.1250.17 5.074.623.235.037.652.201.775.922.0216.6327.9247.5050.53 6.825.024.006.069.892.291.954.781.2011.9621.8660.2054.1755.15 7.115.223.447.965.442.841.958.471.217.9418.2264.1761.4560.41 7.185.143.107.945.942.501.789.081.066.8719.3563.6565.7460.10 6.014.242.897.116.202.791.8010.991.3210.0922.5755.0362.7457.89 5.093.932.897.025.692.741.7914.561.6911.0926.6446.0363.4556.43 5.034.042.756.6010.192.732.0811.351.1317.6325.4844.4265.3459.06 4.923.942.625.905.782.772.2712.241.3217.1328.6140.7168.7963.11 4.923.763.125.254.442.922.2313.201.0219.8426.8539.0864.1560.50 4.093.913.205.244.062.972.2412.581.6024.3324.3137.1865.9061.63 3.843.053.034.822.732.802.2317.201.2228.7820.8031.9963.3257.55 5.945.445.065.725.19 7.145.785.245.715.37 7.046.475.595.715.33 9.519.297.948.795.98 9.389.228.789.117.28 9.599.369.209.227.54 1.431.012.04 1.390.522.18 1.410.921.85 0.360.281.99 1.250.462.19 1.631.511.88 66.1710.941.1021.79 64.508.641.5225.34 61.7012.922.3823.00 64.8212.441.1221.63 52.4516.923.5427.09 37.226.633.0453.11 39.507.382.4950.63 36.077.033.4553.45 36.747.763.0352.47 36.1217.765.8940.23 8 77 15 9 32 58 21.6521.1118.82 11.9210.9911.34 14.0414.2113.49 16.4616.9416.59 2.091.622.09 1.190.532.12 0.150.180.96 -1.25-0.461.37 -0.68-0.341.25