Chart 8: Businesses’ short-term inflation expectations have increased because of the war in the Middle East https://www.bankofcanada.ca/?p=252550 BLP, 1-year-ahead BLP, 1-year-ahead BLP, 2-year-ahead BLP, 2-year-ahead BLP, 5-year-ahead BLP, 5-year-ahead BOS, over the next 2 years BOS, over the next 2 years 2.3 2.8 3.0 3.7 4.43.32.6 4.43.22.6 3.8 4.73.42.8 5.43.62.64.8 5.13.32.6 5.53.42.5 5.63.52.64.2 5.63.42.6 5.03.12.5 4.83.02.54.0 4.73.12.3 4.73.12.5 4.32.92.43.9 4.63.22.7 4.12.92.6 3.82.72.73.5 3.92.92.6 3.82.82.4 3.52.82.73.3 3.82.82.5 3.42.72.5 3.72.62.43.2 3.52.82.6 3.42.72.5 3.22.72.43.0 3.02.62.6 3.12.52.4 3.32.62.53.0 3.32.72.6 2.92.52.5 2.92.52.52.5 2.82.62.6 2.62.42.5 2.42.32.42.5 2.72.52.7 2.82.62.7 2.82.42.52.6 3.32.92.7 3.62.82.5 3.72.92.42.7 3.32.92.8 2.92.72.6 2.82.62.52.5 3.32.92.7 2.92.72.6 2.92.72.62.6 3.22.82.8 3.02.92.8 2.92.82.82.6 3.02.82.8 3.32.92.8 3.93.12.8