Statistics Canada will release August Consumer Price Index (CPI) data at 20:30 on Tuesday, September 20 (Tuesday) in Beijing. Forecast of Canadian inflation data released.

Canadian inflation is expected to fall to -0.1% in August from 0.1% MoM and to 7.3% YoY from 7.6%. The Bank of Canada's core CPI rate, which excludes volatile food and energy prices, is expected to fall to 0.3% on a monthly basis and to 6.0% on an annualized basis from 6.1%.

Royal Bank of Canada Economics Research

“We expect a decline from 7.6% in July to 7.2% in August, down from a recent peak of 8.1% in June. But some prices are still rising amid the soft headline data. Food prices may accelerate again. We expect inflation to hold steady at 5.5%, excluding food and energy products. In addition, the Bank of Canada's preferred measure of core inflation is also likely to remain elevated. We still believe that as commodity prices fall and pressure on global supply chains eases, commodities Price growth has slowed and headline inflation has peaked. But we do not expect 'core' indicators to peak until rate hikes later in the year start to weigh heavily on consumer demand."

national financial bank of canada

"If our forecasts come true, annual inflation should continue to decline to 7.0% last month (from 7.6% in July) due to a month-on-month decline of 0.4% (NSA). As it turns out, gasoline prices, after a similar pullback in July , fell another 9% in August. Air transport is also expected to have a negative impact, as a reversal is likely after last month's astonishing 26% growth. While price increases in services are likely to continue, the We expect commodity prices to moderate due to lower transport prices and easing supply chain issues. All in all, this should result in both cpi mid (to 4.9% from 5.0%) and cpi trim (to 5.3% from 5.4%) Slow down."

TD Securities

"We expect headline CPI to decline moderately to 7.3% as another sharp drop in energy prices led to a 0.1% mom decline. Food, housing and travel-related components will be the main sources of strength offsetting the drag from gasoline. We also expect core CPI to Will be higher, largely driven by revisions to the general CPI, which will add a hawkish tone to the report."

Canadian Imperial Bank of Commerce

“The continued downward trend in gasoline prices will be a key reason why the CPI fell 0.1% on month and 7.2% on an annualized basis in August. However, earlier data from the U.S. suggested that prices for food and other goods, including cars, may remain A strong positive driver of inflation, although declines in transportation costs and farm prices suggest some good news on these fronts is likely later in the year. One difference between the U.S. and Canadian data is that the treatment of homeownership should Bringing about a bigger slowdown. Rebuilding costs for homeowners should be roughly flat from last month, while other owner-occupied housing categories (mainly realtor fees) should fall sharply again as it catches up with the ongoing home price correction. "

Citibank

"Canadian CPI monthly rate (August) Citi expected: -0.1%, previous value: 0.1%; CPI annual rate - Citi expected: 7.3%, previous value: 7.6%. Canada's overall CPI should fall by 0.1% month-on-month, housing prices are expected The slowdown will continue, and housing prices will slow further. However, the market's attention is likely to be more focused on core CPI and inflation expectations, which are key factors in the Bank of Canada's assessment of how high interest rates need to rise. Although there are some signs that the core CPI may moderate slightly toward year-end, but we believe core CPI will remain uncomfortably high, prompting the BOC to raise interest rates for a longer period of time and/or significantly.”