Canada: Headline CPI to hold at 1.7% y/y in December - TDS

Analysts at TD Securities are looking for Canada’s headline CPI to hold at 1.7% y/y in December with prices down 0.4% on the month, in line with market expectations.

Key Quotes

“Energy prices will exert a heavy drag with gasoline prices down another 7% on the month, although a large base effect and stronger core (ex. food & energy) prices will help keep inflation stable.”