Canada: CPI likely to slip to 1.7% in July – TD Securities

Sandeep Kanihama FXStreet Contributor

Canada’s CPI inflation is set to slip from 2.0% to 1.7% y/y in July (TD & market) as a 0.2% m/m increase is overshadowed by base-effects from last year, according to analysts at TD Securities.

Key Quotes

“Gasoline prices will provide a significant driver to the monthly increase on a 3.4% increase in the price at the pump alongside a modest increase in food prices. Core measures are also expected to edge lower on a 0.1pp decline the trimmed-mean and weighted-median measures, pushing the average of the three to 1.97% from 2.03% y/y in June.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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