Statistics Canada will release September Consumer Price Index (CPI) data on Tuesday, October 17 at 12:30 and as we get closer to the release time, her
e are the forecasts by the economists and researchers of five major banks regarding the upcoming Canadian inflation data. Headline CPI is seen steady at 4%. Meanwhile, core median and core trim are both expected to fall a tick to 4% YoY and 3.8% YoY, respectively. NBF A retreat in gasoline prices could have translated into a 0.1% decline in the CPIin September . If we’re right, the 12-month rate of inflation should come down from 4.0% to 3.8%.
Excluding food and energy, price pressures could look a little tamer this month as demand for services such as travel, hotels and restaurants exerts some downward pressure. However, the ongoing rise in mortgage interest costs will continue to apply upward pressure. Adding it all up, we see a 0.1% monthly advance in overall CPI in September , which will see the annual rate tick up slightly to 4.1%. TDS We look for headline CPI to hold at 4.
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