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Canadian CPI Preview: Forecasts from five major banks, inflation growth to decelerate
Statistics Canada will release February Consumer Price Index (CPI) data on Tuesday, March 21 at 12:30 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 at 5.4% year-on-year vs. 5.9% in January. If so, CPI would be the lowest since January 2022 but still well above the 1-3% target range. However, on a monthly basis, it is expected to have risen by 0.6% after a 0.5% gain in January. RBC Economics: “We expect Canadian headline CPI growth slipped to 5.4% YoY in February from 5.9% in ... (full story)
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- Posted: Mar 21, 2023 7:50am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 1,819
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