Economics
Inflation Worry Deepens Among Canadians in Blow to Central Bank
- Poll shows households expect 8% price gains a year from now
- Belief that spike will last may spur more aggressive rate path
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Canadians see consumer price pressures worsening over the next year and are unconvinced policy makers are committed to bringing inflation back to pre-pandemic levels, according to a new poll.
Asked what they think annual inflation will be in 12 months, a majority of respondents said it would be above the current level of about 7%, according to a survey by Nanos Research Group for Bloomberg News. The median estimate was 8%.