Canadian headline CPI is expected to decelerate sharply in March – TDS – by hareshmenghani Canada Inflation Banks
“With inflation falling to just 4.3% y/y from 5.2% in February, as a 0.5% m/m increase is countered by a large base-effect from 2022 . Groceries will remain a key driver even with some moderation on a year-ago basis, while the persistence of tight labour markets and strong wage growth will continue to put pressure on restaurant prices. We also look for another large increase in rents and mortgage interest costs, although March will see a larger offset from homeowner replacement costs.
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