Heurist Finance

Canadian inflation expectations climb as Bank of Canada weighs hikes

Bloomberg · yesterday
Canadian inflation expectations climb as Bank of Canada weighs hikes
  • A majority of Canadians expect inflation to increase over the next 12 months, according to a Nanos Research Group poll for Bloomberg News.
  • The poll shows 54% of Canadians expect the yearly change in the consumer price index to be higher than the current 3% by this time next year.
  • The inflation expectations reading arrives as the Bank of Canada weighs interest-rate hikes.

Quotes

“54% of Canadians think the yearly change in the consumer price index will be higher than the current 3% by this time next year.”— Nanos Research Group
“A majority of Canadians expect inflation to increase over the next 12 months”— Bloomberg News

Sources