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RBC Previews This Week's CPI Data in Canada

BY MT Newswires | ECONOMIC | 06/23/25 08:46 AM EDT

08:46 AM EDT, 06/23/2025 (MT Newswires) -- RBC said it expects Canadian consumer price index growth to edge up 1.8% year over year in May from April's 1.7%, with the excluding food and energy price growth holding steady at 2.6% year over year.

Canada will publish May's CPI on Tuesday at 8:30 a.m. ET.

The removal of the consumer carbon tax in April in most provinces will continue to keep energy prices well below levels from a year ago, stated the bank.

The Bank of Canada's preferred core measures -- which exclude indirect taxes like the carbon tax -- likely eased slightly after exceeding 3% year over year in April, aded RBC.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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