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July CPI Preview-- Wed 8:30 EST

CANADA DATA
MNI (Ottawa)
  • Inflation seen at +0.5% YOY, +0.3% MOM
  • Priors were +0.7% YOY, +0.8% MOM
  • July CPI expected to show the third monthly gain mainly on gasoline prices and a rebound on housing market
  • Retail stores may boost prices as demand returns and they face higher costs to follow social distancing rules
  • Housing boom may also boost prices for building supplies and furniture
  • Inflation remains well below BOC's 2% target, little chance that any upside would be seen as sustainable
MNI Ottawa Bureau | +1 613-981-1671 | anahita.alinejad.ext@marketnews.com

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