Goldman Sachs forecasts Canada's January headline CPI at +0.19% MoM and +2.35% YoY, reflecting a slowdown in sequential inflation despite a 66bp boost from tax-related base effects.
Key Takeaways
- 1.Goldman Sachs expects Canada's January headline CPI to slow to +0.19% month-over-month.
- 2.Base effects from a temporary GST/HST holiday in the previous year are expected to boost the year-over-year inflation rate by 66 basis points.
- 3.Energy inflation is projected to accelerate due to higher gasoline prices, while food inflation is expected to move sideways.
Table of Contents
- January CPI Preview
- Disclosure Appendix
- Global product; distributing entities
- General disclosures
Document Preview
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Authors
Megan PetersJoseph Briggs
Securities
Canada CPI
Themes
Base Effects in Economic DataInflation Moderation
Regions
North AmericaCanada