Canada CPI Preview: Forecasts from five major banks, inflation likely ticked up in December
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Statistics Canada will release December Consumer Price Index (CPI) data on Tuesday, January 16 at 13:30 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.
The headline inflation is expected at 3.3% year-on-year from 3.1% in November. If so, this would be the first acceleration since August to the highest since September and further above the 2% target. Core trim is expected to fall a tick to 3.4% YoY while core median is also expected to drop a tick to 3.3% YoY.
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