Chart 2: Households are less pessimistic about their spending plans https://www.bankofcanada.ca/?p=252732 Expectations for real spending growth Expectations for real spending growth Spending cuts in response to inflation expectations Spending cuts in response to inflation expectations Spending cuts in response to interest rate expectations Spending cuts in response to interest rate expectations Consumer spending index Consumer spending index 0.180.400.471.05 0.190.430.421.04 0.190.440.431.06 0.230.450.391.07 0.150.500.421.07 0.170.250.210.63 0.220.500.481.20 0.240.220.350.81 0.180.060.160.40 0.180.150.320.66 0.200.110.240.55 0.190.020.130.33 0.110.450.340.90 0.250.030.080.36 0.10-0.120.030.02 -0.03-0.060.02-0.08 0.160.150.120.43 0.16-0.13-0.030.00 0.190.070.100.36 0.200.110.100.40 0.18-0.040.060.21 0.190.120.140.46 -0.010.08-0.11-0.04 0.180.190.040.40 0.150.160.050.36 0.630.63 0.250.060.31 -0.200.190.00 -0.370.03-0.35 -0.540.01-0.53 -0.88-0.17-0.13-1.19 -1.01-0.51-0.41-1.93 -0.98-0.49-0.57-2.04 -0.39-0.35-0.46-1.19 -0.30-0.25-0.48-1.04 -0.36-0.42-0.56-1.34 -0.36-0.68-0.69-1.73 -0.08-0.51-0.51-1.10 0.15-0.59-0.58-1.02 0.17-0.33-0.48-0.64 0.24-0.24-0.26-0.26 0.16-0.30-0.39-0.52 -0.32-0.52-0.45-1.29 0.14-0.57-0.49-0.92 -0.05-0.67-0.43-1.15 0.15-0.38-0.37-0.60