FXstreet.com (Barcelona) - TD Securities analyst expect CPI data in Canada to drop by -0.4% (MoM) in June and the annualized data should rise from 1.2% to 1.5% from the sharp rise in commodity prices. The economists also point to flat Core inflation (non-seasonally adjusted), but the adjusted figure should rise by 0.2% (MoM), mostly from subdued prices in transportation and clothing.
“A very strong base-year effect is expected to push core inflation materially higher from 1.8% to 2.4%”, wrote TD Securities analysts. “We anticipate the rate of core inflation will moderate in the coming months and remain below target over the second half of the year”, they added.
“A very strong base-year effect is expected to push core inflation materially higher from 1.8% to 2.4%”, wrote TD Securities analysts. “We anticipate the rate of core inflation will moderate in the coming months and remain below target over the second half of the year”, they added.
