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Canada Consumer Expectations: Inflation: 5-Yr Ahead data was reported at 2.990 % in Dec 2024. This records a decrease from the previous number of 3.030 % for Sep 2024. Canada Consumer Expectations: Inflation: 5-Yr Ahead data is updated quarterly, averaging 3.570 % from Jun 2015 (Median) to Dec 2024, with 39 observations. The data reached an all-time high of 4.260 % in Jun 2018 and a record low of 2.620 % in Dec 2023. Canada Consumer Expectations: Inflation: 5-Yr Ahead data remains active status in CEIC and is reported by Bank of Canada. The data is categorized under Global Database’s Canada – Table CA.H025: Consumer Expectations Survey. Consumer Expectations Survey Questionnaire: Inflation expectations for each horizon: What do you expect the rate of inflation (deflation) to be?
In 2023, the annual consumer price index for personal soap in Canada was measured at 118.3, where the year 2002 equals 100. This index measures changes in average costs of most consumer goods and services. It reports inflation and deflation (rising and falling prices).
In 2023, the annual consumer price index for toiletry items and cosmetics in Canada was measured at 120.5, where the year 2002 equals 100. This index measures changes in average costs of most consumer goods and services. It reports inflation and deflation (rising and falling prices).
The lending services price index (LSPI) measures the quarterly price changes for existing lending services in Canada and its primary purpose is to provide supplemental information to help inform the deflation of the Banking industry's output.
In 2023, the annual consumer price index for oral-hygiene products in Canada was measured at 151, where the year 2002 equals 100. This index measures changes in average costs of most consumer goods and services. It reports inflation and deflation (rising and falling prices).
At the end of 2023, Zimbabwe had the highest inflation rate in the world, at 667.36 percent change compared to the previous year. Inflation in industrialized and in emerging countries Higher inflation rates are more present in less developed economies, as they often lack a sufficient central banking system, which in turn results in the manipulation of currency to achieve short term economic goals. Thus, interest rates increase while the general economic situation remains constant. In more developed economies and in the prime emerging markets, the inflation rate does not fluctuate as sporadically. Additionally, the majority of countries that maintained the lowest inflation rate compared to previous years are primarily oil producers or small island independent states. These countries experienced deflation, which occurs when the inflation rate falls below zero; this may happen for a variety of factors, such as a shift in supply or demand of goods and services, or an outflow of capital.
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Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
Canada Consumer Expectations: Inflation: 5-Yr Ahead data was reported at 2.990 % in Dec 2024. This records a decrease from the previous number of 3.030 % for Sep 2024. Canada Consumer Expectations: Inflation: 5-Yr Ahead data is updated quarterly, averaging 3.570 % from Jun 2015 (Median) to Dec 2024, with 39 observations. The data reached an all-time high of 4.260 % in Jun 2018 and a record low of 2.620 % in Dec 2023. Canada Consumer Expectations: Inflation: 5-Yr Ahead data remains active status in CEIC and is reported by Bank of Canada. The data is categorized under Global Database’s Canada – Table CA.H025: Consumer Expectations Survey. Consumer Expectations Survey Questionnaire: Inflation expectations for each horizon: What do you expect the rate of inflation (deflation) to be?