Free Trial

RBC: Consensus Call For Headline CPI

CANADA
  • RBC look for headline CPI holding steady at 6.7% Y/Y in April, matching March for the highest level since the start of inflation targeting in 1991.
  • Downward drivers: Energy price growth slowing as oil prices retreated from a dramatic spike at the onset of the Russian invasion of Ukraine plus expecting the rapid increase in home prices to slow from the rapid pace based on early data from local real estate boards.
  • Upward drivers: Food price growth probably accelerated as rising input and transport costs filtered through supply chains along with further reopening pressures in travel and hospitality sector.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.