<?xml version="1.0" encoding="UTF-8"?>
<data>
<terms url="https://www.bankofcanada.ca/terms/"></terms>
<groupDetail>
    <label>Short-term inflation expectations have increased, Quarterly and monthly data</label>
    <description><![CDATA[Businesses

Note: CSCE is the Canadian Survey of Consumer Expectations; BOS is the Business Outlook Survey; BLP is the Business Leaders’ Pulse. Consensus Economics’ forecasts for the next year (based on monthly data) and the next two years (based on a combination of monthly and quarterly data releases) are transformed into fixed-horizon forecasts by the weighted average of fixed-date forecasts. 1-year-ahead refers to inflation expectations for the next 12 months. 2-year-ahead refers to inflation expectations for the period 12 to 24 months from now. 5-year-ahead refers to inflation expectations for the period 48 to 60 months from now. This question was not asked in the January or March 2022 BLP.

Source: Consensus Economics, Bank of Canada and Bank of Canada calculations]]></description>
    <link>https://www.bankofcanada.ca/?p=245137</link>
</groupDetail>
<seriesDetail>
<series id="MPR_2025M04_INFL_EXP_A_S1">
<label>BOS, over the next 2 years</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="MPR_2025M04_INFL_EXP_A_S2">
<label>BLP, 1-year-ahead</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="MPR_2025M04_INFL_EXP_A_S3">
<label>BLP, 2-year-ahead</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="MPR_2025M04_INFL_EXP_A_S4">
<label>BLP, 5-year-ahead</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
</seriesDetail>
<observations>
<o d="2018-01-01"><v s="MPR_2025M04_INFL_EXP_A_S1">2.08</v></o>
<o d="2018-04-01"><v s="MPR_2025M04_INFL_EXP_A_S1">2.27</v></o>
<o d="2018-07-01"><v s="MPR_2025M04_INFL_EXP_A_S1">2.12</v></o>
<o d="2018-10-01"><v s="MPR_2025M04_INFL_EXP_A_S1">2.27</v></o>
<o d="2019-01-01"><v s="MPR_2025M04_INFL_EXP_A_S1">1.88</v></o>
<o d="2019-04-01"><v s="MPR_2025M04_INFL_EXP_A_S1">1.89</v></o>
<o d="2019-07-01"><v s="MPR_2025M04_INFL_EXP_A_S1">1.86</v></o>
<o d="2019-10-01"><v s="MPR_2025M04_INFL_EXP_A_S1">1.89</v></o>
<o d="2020-01-01"><v s="MPR_2025M04_INFL_EXP_A_S1">1.93</v></o>
<o d="2020-04-01"><v s="MPR_2025M04_INFL_EXP_A_S1">1.45</v></o>
<o d="2020-07-01"><v s="MPR_2025M04_INFL_EXP_A_S1">1.90</v></o>
<o d="2020-10-01"><v s="MPR_2025M04_INFL_EXP_A_S1">1.81</v></o>
<o d="2021-01-01"><v s="MPR_2025M04_INFL_EXP_A_S1">2.28</v></o>
<o d="2021-04-01"><v s="MPR_2025M04_INFL_EXP_A_S1">2.78</v></o>
<o d="2021-07-01"><v s="MPR_2025M04_INFL_EXP_A_S1">3.03</v></o>
<o d="2021-10-01"><v s="MPR_2025M04_INFL_EXP_A_S1">3.75</v></o>
<o d="2021-11-01"><v s="MPR_2025M04_INFL_EXP_A_S2">4.40</v><v s="MPR_2025M04_INFL_EXP_A_S3">3.26</v><v s="MPR_2025M04_INFL_EXP_A_S4">2.59</v></o>
<o d="2021-12-01"><v s="MPR_2025M04_INFL_EXP_A_S2">4.44</v><v s="MPR_2025M04_INFL_EXP_A_S3">3.22</v><v s="MPR_2025M04_INFL_EXP_A_S4">2.65</v></o>
<o d="2022-01-01"><v s="MPR_2025M04_INFL_EXP_A_S1">3.80</v></o>
<o d="2022-02-01"><v s="MPR_2025M04_INFL_EXP_A_S2">4.72</v><v s="MPR_2025M04_INFL_EXP_A_S3">3.36</v><v s="MPR_2025M04_INFL_EXP_A_S4">2.84</v></o>
<o d="2022-04-01"><v s="MPR_2025M04_INFL_EXP_A_S1">4.77</v><v s="MPR_2025M04_INFL_EXP_A_S2">5.37</v><v s="MPR_2025M04_INFL_EXP_A_S3">3.64</v><v s="MPR_2025M04_INFL_EXP_A_S4">2.62</v></o>
<o d="2022-05-01"><v s="MPR_2025M04_INFL_EXP_A_S2">5.14</v><v s="MPR_2025M04_INFL_EXP_A_S3">3.28</v><v s="MPR_2025M04_INFL_EXP_A_S4">2.56</v></o>
<o d="2022-06-01"><v s="MPR_2025M04_INFL_EXP_A_S2">5.45</v><v s="MPR_2025M04_INFL_EXP_A_S3">3.36</v><v s="MPR_2025M04_INFL_EXP_A_S4">2.51</v></o>
<o d="2022-07-01"><v s="MPR_2025M04_INFL_EXP_A_S1">4.19</v><v s="MPR_2025M04_INFL_EXP_A_S2">5.58</v><v s="MPR_2025M04_INFL_EXP_A_S3">3.47</v><v s="MPR_2025M04_INFL_EXP_A_S4">2.64</v></o>
<o d="2022-08-01"><v s="MPR_2025M04_INFL_EXP_A_S2">5.56</v><v s="MPR_2025M04_INFL_EXP_A_S3">3.39</v><v s="MPR_2025M04_INFL_EXP_A_S4">2.63</v></o>
<o d="2022-09-01"><v s="MPR_2025M04_INFL_EXP_A_S2">4.95</v><v s="MPR_2025M04_INFL_EXP_A_S3">3.13</v><v s="MPR_2025M04_INFL_EXP_A_S4">2.54</v></o>
<o d="2022-10-01"><v s="MPR_2025M04_INFL_EXP_A_S1">4.04</v><v s="MPR_2025M04_INFL_EXP_A_S2">4.77</v><v s="MPR_2025M04_INFL_EXP_A_S3">2.95</v><v s="MPR_2025M04_INFL_EXP_A_S4">2.45</v></o>
<o d="2022-11-01"><v s="MPR_2025M04_INFL_EXP_A_S2">4.66</v><v s="MPR_2025M04_INFL_EXP_A_S3">3.07</v><v s="MPR_2025M04_INFL_EXP_A_S4">2.31</v></o>
<o d="2022-12-01"><v s="MPR_2025M04_INFL_EXP_A_S2">4.68</v><v s="MPR_2025M04_INFL_EXP_A_S3">3.14</v><v s="MPR_2025M04_INFL_EXP_A_S4">2.49</v></o>
<o d="2023-01-01"><v s="MPR_2025M04_INFL_EXP_A_S1">3.88</v><v s="MPR_2025M04_INFL_EXP_A_S2">4.28</v><v s="MPR_2025M04_INFL_EXP_A_S3">2.86</v><v s="MPR_2025M04_INFL_EXP_A_S4">2.39</v></o>
<o d="2023-02-01"><v s="MPR_2025M04_INFL_EXP_A_S2">4.63</v><v s="MPR_2025M04_INFL_EXP_A_S3">3.23</v><v s="MPR_2025M04_INFL_EXP_A_S4">2.73</v></o>
<o d="2023-03-01"><v s="MPR_2025M04_INFL_EXP_A_S2">4.14</v><v s="MPR_2025M04_INFL_EXP_A_S3">2.89</v><v s="MPR_2025M04_INFL_EXP_A_S4">2.57</v></o>
<o d="2023-04-01"><v s="MPR_2025M04_INFL_EXP_A_S1">3.54</v><v s="MPR_2025M04_INFL_EXP_A_S2">3.79</v><v s="MPR_2025M04_INFL_EXP_A_S3">2.74</v><v s="MPR_2025M04_INFL_EXP_A_S4">2.66</v></o>
<o d="2023-05-01"><v s="MPR_2025M04_INFL_EXP_A_S2">3.88</v><v s="MPR_2025M04_INFL_EXP_A_S3">2.95</v><v s="MPR_2025M04_INFL_EXP_A_S4">2.64</v></o>
<o d="2023-06-01"><v s="MPR_2025M04_INFL_EXP_A_S2">3.82</v><v s="MPR_2025M04_INFL_EXP_A_S3">2.76</v><v s="MPR_2025M04_INFL_EXP_A_S4">2.42</v></o>
<o d="2023-07-01"><v s="MPR_2025M04_INFL_EXP_A_S1">3.29</v><v s="MPR_2025M04_INFL_EXP_A_S2">3.48</v><v s="MPR_2025M04_INFL_EXP_A_S3">2.84</v><v s="MPR_2025M04_INFL_EXP_A_S4">2.65</v></o>
<o d="2023-08-01"><v s="MPR_2025M04_INFL_EXP_A_S2">3.83</v><v s="MPR_2025M04_INFL_EXP_A_S3">2.81</v><v s="MPR_2025M04_INFL_EXP_A_S4">2.53</v></o>
<o d="2023-09-01"><v s="MPR_2025M04_INFL_EXP_A_S2">3.43</v><v s="MPR_2025M04_INFL_EXP_A_S3">2.73</v><v s="MPR_2025M04_INFL_EXP_A_S4">2.50</v></o>
<o d="2023-10-01"><v s="MPR_2025M04_INFL_EXP_A_S1">3.17</v><v s="MPR_2025M04_INFL_EXP_A_S2">3.67</v><v s="MPR_2025M04_INFL_EXP_A_S3">2.63</v><v s="MPR_2025M04_INFL_EXP_A_S4">2.38</v></o>
<o d="2023-11-01"><v s="MPR_2025M04_INFL_EXP_A_S2">3.49</v><v s="MPR_2025M04_INFL_EXP_A_S3">2.84</v><v s="MPR_2025M04_INFL_EXP_A_S4">2.60</v></o>
<o d="2023-12-01"><v s="MPR_2025M04_INFL_EXP_A_S2">3.36</v><v s="MPR_2025M04_INFL_EXP_A_S3">2.65</v><v s="MPR_2025M04_INFL_EXP_A_S4">2.52</v></o>
<o d="2024-01-01"><v s="MPR_2025M04_INFL_EXP_A_S1">2.98</v><v s="MPR_2025M04_INFL_EXP_A_S2">3.19</v><v s="MPR_2025M04_INFL_EXP_A_S3">2.66</v><v s="MPR_2025M04_INFL_EXP_A_S4">2.43</v></o>
<o d="2024-02-01"><v s="MPR_2025M04_INFL_EXP_A_S2">3.04</v><v s="MPR_2025M04_INFL_EXP_A_S3">2.61</v><v s="MPR_2025M04_INFL_EXP_A_S4">2.57</v></o>
<o d="2024-03-01"><v s="MPR_2025M04_INFL_EXP_A_S2">3.07</v><v s="MPR_2025M04_INFL_EXP_A_S3">2.49</v><v s="MPR_2025M04_INFL_EXP_A_S4">2.43</v></o>
<o d="2024-04-01"><v s="MPR_2025M04_INFL_EXP_A_S1">3.00</v><v s="MPR_2025M04_INFL_EXP_A_S2">3.28</v><v s="MPR_2025M04_INFL_EXP_A_S3">2.64</v><v s="MPR_2025M04_INFL_EXP_A_S4">2.47</v></o>
<o d="2024-05-01"><v s="MPR_2025M04_INFL_EXP_A_S2">3.28</v><v s="MPR_2025M04_INFL_EXP_A_S3">2.72</v><v s="MPR_2025M04_INFL_EXP_A_S4">2.60</v></o>
<o d="2024-06-01"><v s="MPR_2025M04_INFL_EXP_A_S2">2.86</v><v s="MPR_2025M04_INFL_EXP_A_S3">2.46</v><v s="MPR_2025M04_INFL_EXP_A_S4">2.47</v></o>
<o d="2024-07-01"><v s="MPR_2025M04_INFL_EXP_A_S1">2.51</v><v s="MPR_2025M04_INFL_EXP_A_S2">2.95</v><v s="MPR_2025M04_INFL_EXP_A_S3">2.45</v><v s="MPR_2025M04_INFL_EXP_A_S4">2.48</v></o>
<o d="2024-08-01"><v s="MPR_2025M04_INFL_EXP_A_S2">2.84</v><v s="MPR_2025M04_INFL_EXP_A_S3">2.56</v><v s="MPR_2025M04_INFL_EXP_A_S4">2.58</v></o>
<o d="2024-09-01"><v s="MPR_2025M04_INFL_EXP_A_S2">2.57</v><v s="MPR_2025M04_INFL_EXP_A_S3">2.38</v><v s="MPR_2025M04_INFL_EXP_A_S4">2.48</v></o>
<o d="2024-10-01"><v s="MPR_2025M04_INFL_EXP_A_S1">2.50</v><v s="MPR_2025M04_INFL_EXP_A_S2">2.44</v><v s="MPR_2025M04_INFL_EXP_A_S3">2.35</v><v s="MPR_2025M04_INFL_EXP_A_S4">2.43</v></o>
<o d="2024-11-01"><v s="MPR_2025M04_INFL_EXP_A_S2">2.72</v><v s="MPR_2025M04_INFL_EXP_A_S3">2.46</v><v s="MPR_2025M04_INFL_EXP_A_S4">2.69</v></o>
<o d="2024-12-01"><v s="MPR_2025M04_INFL_EXP_A_S2">2.84</v><v s="MPR_2025M04_INFL_EXP_A_S3">2.62</v><v s="MPR_2025M04_INFL_EXP_A_S4">2.70</v></o>
<o d="2025-01-01"><v s="MPR_2025M04_INFL_EXP_A_S1">2.58</v><v s="MPR_2025M04_INFL_EXP_A_S2">2.82</v><v s="MPR_2025M04_INFL_EXP_A_S3">2.40</v><v s="MPR_2025M04_INFL_EXP_A_S4">2.55</v></o>
<o d="2025-02-01"><v s="MPR_2025M04_INFL_EXP_A_S2">3.30</v><v s="MPR_2025M04_INFL_EXP_A_S3">2.93</v><v s="MPR_2025M04_INFL_EXP_A_S4">2.67</v></o>
<o d="2025-03-01"><v s="MPR_2025M04_INFL_EXP_A_S2">3.61</v><v s="MPR_2025M04_INFL_EXP_A_S3">2.85</v><v s="MPR_2025M04_INFL_EXP_A_S4">2.54</v></o>
</observations>
</data>