One-Year Expectations Edge Down While Three-Year Views Hold
Canadians remain firm in their inflation expectations in August, with the average one-year inflation expectation easing to 3.2 per cent from 3.3 per cent in July. However, the average three-year inflation expectation held at 3.8 per cent. Higher oil prices in July following the renewed conflict in the Middle East may be contributing to inflation concerns, but slower growth in grocery prices may be tempering Canadians’ concerns.
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 and income brackets showed the most posted the largest decline?
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