RBC Sees Canada June CPI Slowing to 2.8% on Lower Energy
RBC economists forecast Canada's June headline CPI will ease to 2.8% year-over-year from 3.2% in May, driven mainly by lower energy prices, with implications for Bank of Canada policy.
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RBC economists Nathan Janzen and Abbey Xu project Canada's June Consumer Price Index will decelerate to 2.8% year-over-year, down from 3.2% in May. The expected decline is primarily attributed to lower energy costs, continuing a trend of easing inflation.
The forecast comes as the Bank of Canada weighs its next policy move amid diverging inflation components. A softer headline reading could reinforce expectations for a pause or eventual rate cuts, though core measures remain under scrutiny.
Source: FXStreet Forex News