Canadian CPI Preview: Forecasts from five major banks, not out of the woods yet CPI Inflation Canada Macroeconomics Banks
data on Wednesday, February 16 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.
The January CPI report in Canada is expected to see headline inflation stabilise marginally below 5.0%, while core measures are set to see a mild acceleration.“We look for inflation to hold at 4.8% as prices rise 0.6% on broad-based strength, with upside risks to core CPI.”“While we expect strong print for CPI ex-food and energy given labour shortages and supply chain issues, January headline could also have been upwardly impacted by surgingprices .
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