North American Tracker (March 17, 2022): Rising Inflation and Economic Concerns

Posted on March 17th, 2022 in Surveys

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This survey is conducted in collaboration with the Association for Canadian Studies (ACS) and published in the Canadian Press. This series of surveys is available on Leger’s website.

Inflation, Interest Rates and Economic Concerns

  • 81% of Canadians and 85% of Americans say that inflation is a very or somewhat serious problem for their household. The rising cost of groceries and gasoline is being felt most acutely.
  • Canadians and Americans have a pessimistic outlook for the future: the majority think inflation, interest rates and gas prices will increase six months from now.

The majority think inflation, interest rates and gas prices will increase six months from now.

  • The top actions Canadians and Americans have taken or plan to take due to rising inflation are
    • Reducing food waste to make their money go further (86% of Canadians, 75% of Americans).
    • Buying less expensive items at the grocery store (83% of Canadians, 72% of Americans)
    • Spending less on household items (76% of Canadians, 68% of Americans).
    • Eating less often at restaurants or limiting take-out (75% of Canadians, 67% of Americans), which doesn’t bode well for a sector still trying to recover post-pandemic.

Actions taken/planning to take due to rising inflation

METHODOLOGY

This web survey was conducted from March 11 to 13, 2022 with 1,515 Canadians and 1,002 Americans, 18 years of age or older, randomly recruited from LEO’s online panel.

To view the March 17, 2022 report, CLICK HERE.

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