Canada’s inflation data is expected to show a 0.7% increase
The week begins with the release of Canada’s inflation data, which is expected to show a 0.7% increase in May.
The consensus for median CPI y/y is 2.1%, unchanged from the previous reading.
RBC analysts expect headline inflation to rise to 3.0% y/y in May, up from 2.8% in April.
The data will provide a clearer picture of the current inflation trend in Canada.