Canada’s Five-Year Household Consumption Outlook—April 2026

Consumption to Moderate Amid Demographic Downshift and Oil-Fuelled Inflation

Driven primarily by increases in per capita spending, real household consumption will rise by 1.3 per cent in 2026, 1.8 per cent in 2027, and by an average of 2.0 per cent annually from 2028 to 2030.

Will persistently weak consumer confidence continue to constrain spending on big ticket items? Is Canadians’ aversion to U.S. travel redirecting some spending within Canada, helping outlays on accommodation and food services to offset softness in spending on goods? By how much will the consumer price index (CPI) increase this year? What is CPI growth expected to be from 2027 to 2030? And what will the household savings rate look like from now until 2030?

Read the online experience for our full five-year outlook.