While the continued above-target gains in the CPI-trim and CPI-median core measures may cause some concern for the Bank of Canada, there were still some encouraging disinflationary signs in the July CPI data. There is scope for an unwinding of some of the factors that put upward pressure on core prices in July, which should lead to a more pronounced easing of core inflation later this year.
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:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services