Tuesday's data release shows encouraging signs that inflation is starting to ease, according to David Rosenberg.
Tuesday's Consumer Price Index data shows encouraging signs that inflation is starting to ease, according to David Rosenberg., as the CPI came in 6.3 per cent higher when compared to the previous year, according to Statistics Canada. The CPI fell 0.6 per cent from the previous month, marking the largest drop since April 2020.
“I realized that the narrative was that it was all just gasoline prices but actually when you go through the components of today's number, it softened across the board, [including] recreation, household furnishings, transportation, shelter, all softened considerably.”
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