Canadian CPI Preview: Forecast from five major banks, inflation to cool CPI Canada USDCAD Macroeconomics Banks
data on Wednesday, December 21 at 13:30 and as we get closer to the release time, here are the forecasts by the economists and researchers of five major banks regarding the upcoming Canadian inflation data.
Headline is expected to have eased in November from 6.9% year-on-year in October. If so, this would be the lowest since February and would continue the deceleration from the 8.1% peak in June. “We look for CPI to edge 0.1pp lower to 6.8% as softer energy prices hold the headline index to a 0.1% MoM gain. Food prices should bounce back from last month, while rents and mortgage interest costs will provide another large contribution for shelter.
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