Canada May inflation data due on Tuesday 27 June 2023 – preview – "look for CPI to fall"

<p>In brief preview from TD on the data due from Canada at 8.30 Eastern time:</p><ul><li>We look for CPI to fall 0.9% to 3.5% y/y in May</li><li>0.5% m/m increase to be offset by base effects</li><li>Energy will exert a modest drag, but we expect large contributions from food along with rents and MIC. </li><li>We also look for broad strength elsewhere, which should translate into another 0.4% m/m increase for core measures, leaving CPI-trim/median trending above 4% on a 3m annualised basis</li></ul><p align="left">
This
snapshot from the ForexLive economic data calendar, <a href="https://www.forexlive.com/EconomicCalendar">access
it here</a>.</p><p align="left">
The
times in the left-most column are GMT. </p><p align="left">
The
numbers in the right-most column are the 'prior' (previous
month/quarter as the case may be) result. The number in the column
next to that, where there is a number, is the consensus median
expected.</p>

This article was written by Eamonn Sheridan at www.forexlive.com.