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RBC Ahead Of CPI: Core Measures Close To Feb Pace

CANADA
  • RBC: Headline to increase 3.0% Y/Y in March, “largely due to higher gasoline prices pushing energy costs further above year-ago levels”.
  • “The CPI data is often volatile and clothing prices, in particular, could rebound in the spring after milder-than-usual temperatures slowed demand and prices over the winter.”
  • “The BoC will be more focused on its preferred list of core measures […] for signs that broader inflation pressures continue to ease.” They see trim and median measures holding “close to the February pace both on a Y/Y and three-month rolling average basis.”

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