Continuum Economics
  • Search
  • About Us
  • Buy
  • Invite A Friend
  • My Basket
  • Articles
  • Calendar
  • Forecasts
  • Events
  • Data
  • Newsletters
  • My Alerts
  • Community
  • Directory
  • About Us
  • Buy
  • Invite A Friend
  • My Basket
  • Articles
    • All
    • Thematic
    • Tactical
    • Asia
    • EMEA
    • Americas
    • Newsletters
    • Freemium
    • Editor's Choice
    • Most Viewed
    • Most Shared
    • Most Liked
  • Calendar
    • Interactive
      • China
      • United States
      • Eurozone
      • United Kingdom
    • Month Ahead
    • Reviews
    • Previews
  • Forecasts
    • Forecasts
    • Key Views
  • Events
    • Media
    • Conference Calls
  • Data
    • Country Insights
    • Shadow Credit Ratings
    • Full CI Data Download
  • Newsletters
  • My Alerts
  • Community
    • FX
    • Fixed Income
    • Macro Strategy
    • Credit Markets
    • Equities
    • Commodities
    • Precious Metals
    • Renewables
  • Directory
  • My Account
  • Notifications Setup
  • Account Details
  • Recent Devices
  • Distribution Lists
  • Shared Free Trials
  • Saved Articles
  • Shared Alerts
  • My Posts
Published: 2024-01-02T19:25:51.000Z

Preview: Due January 16 - Canada December CPI - Still stubbornly high

byDave Sloan

Senior Economist , North America
-

We expect December Canadian CPI to rise to 3.4% yr/yr after two months at 3.1%, and we expect only marginal downward progress in one of the three Bank of Canada core rates, showing that inflation remains stubborn in Canada. 

We expect the monthly data to show overall CPI down by 0.3% with a 0.2% decline ex food and energy, but these declines will be largely seasonal.

Seasonally adjusted we expect gains of 0.3% both overall and ex food and energy, the latter a marginal slowing from two straight gains of 0.4% but still consistent with inflation remaining well above the BoC’s 2.0% target.

The ex food and energy rate is not one of the BoC’s core rates. Here we see a marginal decline in CPI-common to 3.8% yr/yr from 3.9%, but we expect CPI-trim and CPI-median to remain at their paces seen in both October and November at 3.5% and 3.4% respectively. 
 

Continue to read the article for free
Login

or

or

Topics
Foreign Exchange
Data

GENERAL

  • Home
  • About Us
  • Our Team
  • Careers

LEGAL

  • Terms and Conditions
  • Privacy Policy
  • Compliance
  • GDPR

GET IN TOUCH

  • Contact Us
Continuum Economics
The Technical Analyst Awards Winner 2021
The Technical Analyst Awards Finalist 2020
image