Canadians’ Inflation Expectations for October 2025
Inflation Expectations Hold Despite CPI Uptick
In September, the average one-year inflation expectation held at 3.2 per cent for the third month in a row. Similarly, the average three-year inflation expectation remained at 3.7 per cent for a second consecutive month.
January 9, 2026 • 2-min read
Areas Covered
| Alberta | Atlantic Provinces | British Columbia | Manitoba |
| Ontario | Quebec | Saskatchewan | |
About the Series
Canadians’ Inflation Expectations is the result of ongoing monthly surveys that began in November of 2021. The survey collects the Canadian public’s outlooks on what inflation will be over the next year, and over the next three years. Results are grouped into the categories of less than 1 per cent, between 1 and 3 per cent, between 3 and 5 per cent, or greater than 5 per cent based on the respondents’ outlooks. These results are also graphically depicted based on characteristics including respondents’ geographic region, age, occupation, and income, and whether they own their home or are renting. An additional analysis of the results specific to that month is also provided with each iteration.
The Canadians’ Inflation Expectations has been produced since November 2021.
Methodology
Signal49 Research , with the help of Leger, conducts the monthly study through an internet survey among the public aged 18 and older in all regions across Canada. The results from the survey are weighted using the 2021 census data by age, sex, mother tongue, region, education level, and the presence of children in the household to ensure a representative sample of the population.
Note: The collection period typically lasts 10 days, with collection dates varying from month to month.
Where leaders turn when faced with Canada’s toughest problems.
Our subscriptions deliver key intelligence to your fingertips so you can act on critical opportunities with confidence.
Questions?
If you have any questions about the Canadians’ Inflation Expectations, or about becoming a subscriber, please contact us.