Bank of Canada Business Outlook: Price Indicator

## What this measures

A summary of Canadian firms' price pressures: expected input and output price growth and inflation expectations, from the Bank of Canada's quarterly Business Outlook Survey.

## Why it matters

Firms plan prices before consumers see them, so this is an early read on inflation pressure.

## How to read it

Zero is the historical average; positive means more price pressure than usual.

## What it does not say

It is a survey of about 100 firms, with a lag of a few weeks after each quarter. The indicator is re-estimated as new surveys arrive, so past values can change slightly.

## Source

Bank of Canada, Valet API, series BOS_PRICE_INDICATOR ("Price indicator"). Palanor pulls it from the Bank's Valet service every weekday. Source: Bank of Canada. Content obtained from the Bank of Canada website; changes are noted where Palanor computes from it.