Economists expect the worst is over for headline inflation, but core inflation could prove more persistent — via financialpost
“Meanwhile, it’s a very different picture when we look at underlying inflation and I think that’s where theand the Fed’s focus is going to be trained on now, and in that case, we really haven’t seen any relief whatsoever,” Porter said on an episode of BMO’s Smarter Investing Podcast this week. “In Canada, in fact, if anything, core inflation is still moving higher.”Article content
Core inflation readings exclude primarily food and energy prices. Without them, inflation has been tracking higher, hitting 5.3 per cent in October compared to 4.2 per cent in the first quarter. Porter said that even if Canadians continue to see easing price pressures at the gas pumps, easing core measures will be frustratingly slow.
BMO economists are expecting headline inflation to slow by about four ticks to a year-over-year pace of 6.5 per cent as November tends to see a lull in consumer prices, but food is an exception. “November is historically the second-strongest month of the year for food prices, and we’re not expecting any difference this year, with a near-one-per-cent increase,” wrote BMO senior economist Robert Kavcic in a Monday note to clients. “Beyond food and energy, November tends to be a soft month for inflation.”Article content
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Retail economists say consumer sentiment hard to predict this holiday seasonThe supply chains have generally stabilized. The labor market is strong. But economists says retailers are bracing to lose out on spending as more people go on trips, search for experiences over shopping.
Lire la suite »
Nearly 50% of economists see BoJ unwinding ultra-easy policy in 2023 – Reuters pollAccording to the latest Reuters poll, nearly half of the economists surveyed believe that the Bank of Japan (BoJ) may unwind its ultra-loose monetary
Lire la suite »
Three Queen Yoga helps kids release their energy and find focusKids are constant balls of energy, and sometimes they just need a space to relax and find their calm. FOX 29 talked to Three Queen Yoga who offer classes to kids of all ages - and adults too! Catch 'The 215' Tuesdays at 6:30p.m. on FOX 29! WATCH:
Lire la suite »
Costume Designer Janie Bryant on Journey to Find Perfect Hat for Harrison Ford on ‘1923’The Emmy winning costume designer, who worked for Taylor Sheridan on '1883,' said she teamed with a hat maker to find the perfect fit with the right 'Montana crease.'
Lire la suite »