Canadians’ Inflation Expectations for April 2026

Inflation Expectations Firm as Energy Costs Rise

Canadians remain firm in their inflation expectations in April, with the average one-year inflation expectation up to 3.4 per cent and the average three-year inflation expectation climbing to 3.9 per cent from 3.7 per cent. Weaker economic growth and the continued increase in gasoline prices are driving these expectations.  

Which province posted the largest shift in both one-year and three-year inflation expectations? Which province posted the second-largest increase in inflation expectations and which province showed the most stability? What age cohorts are most impacted by the economy, and why?

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