Canadians think inflation is higher than it is: BoC survey ...Middle East

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Article content The gap between how Canadians perceive inflation and what is in the official data is “unusually wide,” a quarterly survey by the Bank of Canada has found. The survey of consumer expectations released Oct. 16 said Canadians’ perception of rising prices remains elevated and this is leading to persistently high inflation expectations over the next 12 months. Article content “The gap between perceptions of inflation and actual inflation is unusually wide,” said the survey. Expectations for growth in specific prices — food, gasoline, rent and housing — are either rising or stable at very high levels, it said, adding there is a widespread view that prices are still rising quick

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