Inflation Expectations Hold Despite CPI Uptick
The average one-year inflation expectation held at 3.2 per cent for the third month in a row, and the average three-year inflation expectation remained at 3.7 per cent for a second consecutive month.
With CPI continuing its steady rise, what sectors are feeling the most upward pressure and where are offsetting forces at play? Which provinces are anticipating higher inflation over the next 12 months, and to what can this be attributed? Has Canada’s removal of certain retaliatory tariffs on U.S. goods had the desired effect?
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