Data shows inflation on West Coast easing ahead of rest of nation
Canadians will find out Tuesday whether inflation is showing clear signs of easing nationwide when Statistics Canada releases July’s Consumer Price Index .
If next week’s CPI numbers show B.C. inflation has fallen for a second consecutive month it would be a clear sign the province hit peak inflation in May – one month ahead of the rest of Canada if RBC’s forecasts are correct. “There continue to be signs that global inflation pressures are easing off,” the RBC economists said in their note.
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