In brief preview from TD on the data due from Canada at 8.30 Eastern time:

  • We look for CPI to fall 0.9% to 3.5% y/y in May
  • 0.5% m/m increase to be offset by base effects
  • Energy will exert a modest drag, but we expect large contributions from food along with rents and MIC.
  • We also look for broad strength elsewhere, which should translate into another 0.4% m/m increase for core measures, leaving CPI-trim/median trending above 4% on a 3m annualised basis
canada may 2023 inflation cpi preview

This snapshot from the ForexLive economic data calendar, access it here.

The times in the left-most column are GMT.

The numbers in the right-most column are the 'prior' (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected.