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Canada May inflation data due on Tuesday 27 June 2023 - preview - "look for CPI to fall"

In brief preview from TD on the data due from Canada at 8.30 Eastern time:We look for CPI to fall 0.9% to 3.5% y/y in May0.5% m/m increase to be offset by base effectsEnergy will exert a modest drag, but we expect large contributions from food along with rents and MIC. We also look for broad strength elsewhere, which should translate into another 0.4% m/m increase for core measures, leaving CPI-trim/median trending above 4% on a 3m annualised basis This snapshot from the ForexLive economic data... Read More

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Content Topics

Canada

Inflation

Data

Tuesday

June

2023

Preview

Look

Fall

Forex

Posted: Jun 26 2023, 22:49

Author Name: forexlive

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