Three-Year Inflation Expectations Partly Reverse April’s Increase
Canadians’ inflation expectations eased somewhat in May, with the average one-year inflation expectation remaining firm at 3.4 per cent and the average three-year inflation expectation easing slightly to 3.8 per cent from 3.9 per cent in April.
Which province posted the largest decline in both one- and three-year inflation expectations? What were the inflation expectations of renters versus homeowners? What was the gap between income brackets, and what was the share of unemployed consumers expecting three-year inflation to rise above 3.0 per cent?
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