Bank of Canada

How Do Households Respond to Expected Inflation? An Investigation of Transmission Mechanisms,

Abstract We investigate the channels through which inflation expectations affect household spending by conducting surveys featuring hypothetical scenarios involving an increase in inflation expectations. Most households did not adjust their current spending plans, often because t...

Household food inflation in Canada

Abstract We study household‐level food inflation rates during low‐inflation, pandemic and postpandemic inflation surge periods using Canadian homescan data for 2012Q4–2023Q4. Our results about household inflation rates during low inflation are consistent with evidence for the Uni...