March 21, 2023 10:54 GMT
CPI Inflation - 0830ET
- Headline CPI is seen moderating from 5.9% to 5.4% Y/Y in Feb, with most analysts grouped unusually tightly between 5.3-5.4. A few downside outliers (most notably 4.5) whilst Scotia are the only upside view with 5.7% Y/Y.
- The smaller survey for the BoC’s preferred median and trim measures has both falling 0.2pps to an average 4.85% Y/Y for the softest since Mar’22, but with recent trends watched more closely after recently hovering around 3.5% annualized.
- For a more traditional core, CIBC forecast ex food & energy inflation of 0.25% M/M after 0.14 in Jan.