The data is due at 1230GMT on March 22
Earlier preview posted:
Preview in summary from RBC:
CPI
- We see a seasonally driven 0.5% m/m increase in headline
- Given that seasonality is the driver, we do not see any change in the YoY rate at 1.4%
- The average of the BoC's core measures was stable at 1.87% in January, the bottom of a very tight 1.87-2.00% range over the last 12 months. Above-trend gains for CPI-Median and CPITrim a year ago will fall off the calculation, which means small declines would not be unexpected. What we think is a temporary widening of the output gap of late could also see the core measures edge down.
Retail Sales
- We expect nominal retail sales to fall 0.1% m/m in January, which would be the fifth time in six months
- Gasoline prices … and a decline in unit auto sales should be the drivers of this
- We anticipate a solid 0.5% m/m gain excluding these items (core sales)
