The source explains that the figures are median values. The source asked survey respondents what they expected the rate of inflation (deflation) to be in the future.
* The source adds that before the second quarter of 2018, the survey consisted of 1,000 respondents.
Adapted from Statistics Canada, bankofcanada.ca, Q4 2014 to Q1 2024. This does not constitute an endorsement by Statistics Canada of this product.
Citation formats
Inflation trend expectations among consumers in Canada 2014-2024, by quarter
As of the first quarter of 2024, consumers in Canada expected the rate of inflation to be at just over percent in five years' time. According to the survey results, Canadians expected the country's inflation rate to sit at about **** percent one year into the future.
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Bank of Canada. (April 1, 2024). Expectations regarding future inflation trends among consumers in Canada from the fourth quarter of 2014 to the first quarter of 2024 [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 16, 2026, from /statistics/1360350/inflation-trend-expectations-canada/
Bank of Canada. "Expectations regarding future inflation trends among consumers in Canada from the fourth quarter of 2014 to the first quarter of 2024." Chart. April 1, 2024. ÌÇÐÄÆƽâ°æ. Accessed July 16, 2026. /statistics/1360350/inflation-trend-expectations-canada/
Bank of Canada. (2024). Expectations regarding future inflation trends among consumers in Canada from the fourth quarter of 2014 to the first quarter of 2024. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 16, 2026. /statistics/1360350/inflation-trend-expectations-canada/
Bank of Canada. "Expectations regarding Future Inflation Trends among Consumers in Canada from The Fourth Quarter of 2014 to The First Quarter of 2024." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 1 Apr 2024, /statistics/1360350/inflation-trend-expectations-canada/
Bank of Canada, Expectations regarding future inflation trends among consumers in Canada from the fourth quarter of 2014 to the first quarter of 2024 ÌÇÐÄÆƽâ°æ, /statistics/1360350/inflation-trend-expectations-canada/ (last visited July 16, 2026)
Expectations regarding future inflation trends among consumers in Canada from the fourth quarter of 2014 to the first quarter of 2024 [Graph], Bank of Canada, April 1, 2024. [Online]. Available: /statistics/1360350/inflation-trend-expectations-canada/
