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November CPI/ October Wholesales Preview-- Wednesday 8:30 EST

CANADA DATA
MNI (Ottawa)
  • Median +0.8% YoY vs prior +0.7%
  • Median for CPI is 0.0% MoM vs prior +0.4%
  • Monthly CPI seen slowing on lower energy prices at pumps
  • Lower demand for end-of-year sales also a potential drag.
  • Higher housing prices and Ontario electricity prices in November would offset some declines, and help headline CPI to increase
  • MNI median for Wholesale sales +0.9% vs prior +0.9%, led by food sales
MNI Ottawa Bureau | +1 613-981-1671 | anahita.alinejad.ext@marketnews.com

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