Canadian CPI Preview: Forecasts from five major banks, inflation likely to ease again Canada CPI Inflation BOC Banks
e forecasts by the economists and researchers of five major banks regarding the upcoming Canadian inflation data.
Headline CPI is seen declining to 4.1% year-on-year vs. the prior release of 4.3%, while core CPI is seen softening to 3.9%.“We look for CPI to dip 0.1pp to 4.2% in April as prices rise by 0.5% MoM. Gasoline will provide a key driver for the latter, alongside a broad increase for core goods and steady pressure from services. Core inflation measures should also move 0.2pp lower to 4.3% on average, masking a modest pickup on a MoM basis which could raise some alarms at the BoC.
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