Skip to main content

Canada Consumer Prices (May)

While the steep declines in both headline and core inflation in May were partly due to favourable base effects, the monthly gains in each also slowed compared to April. That probably won’t be enough to persuade the Bank of Canada to stand pat at its meeting next month, but it does add to our sense that the Bank will not be forced to raise interest rates beyond 5.0%, implying just one more 25 bp hike.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services

Get access