April 19, 2022 19:34 GMT
- RBC see headline CPI inflation accelerating to 6% Y/Y in March (consensus 6.1%) from the 5.7% in February.
- Soaring gasoline prices are expected to account for almost a quarter of the increase in Y/Y terms and about half the rise on the month.
- Home buying costs are also expected to have moved higher again in March.
- Ahead of the release, RBC note that price pressures are broadening out, with about two-thirds of the CPI basket growing above the 2% inflation target.