Economists are expecting Statistics Canada’s consumer price index report for November, slated to be released on Monday, to show the annual inflation rate moved slightly higher from the prior month.
A Reuters poll on Friday showed the consensus among economists is that headline inflation for November will come in at 2.3 percent, according to LSEG Data & Analytics. Statistics Canada reported the annual inflation rate for October was 2.2 percent.
RBC economists Nathan Janzen and Claire Fan said they expect Canada’s inflation rate held steady in November at 2.2 percent.
“Gasoline prices rose moderately in November, but were still about eight percent below a year ago, thanks to the end of consumer carbon surcharges in April. That leaves energy inflation tracking well below zero,” the pair said in a note to clients on Friday….