Statistics Canada to release December inflation report this morning

OTTAWA –

Statistics Canada will launch its inflation report for December this morning.

The federal company’s shopper value index report will present perception on how shortly costs rose final month as Canada continues to battle with decades-high inflation.

In November, the inflation charge was 6.8 per cent.

RBC expects the inflation charge eased to six.4 per cent final month, persevering with to development downward after peaking at 8.1 per cent in the summertime.

The newest inflation report comes a few week forward of the Bank of Canada’s subsequent rate of interest choice.

The Bank of Canada has signalled a willingness to press pause on its aggressive charge mountain climbing cycle relying on how financial situations evolve, however many economists are banking on one other charge hike subsequent week.

This report by The Canadian Press was first printed Jan. 17, 2023.