Statistics Canada to release March inflation numbers this morning

OTTAWA –

Statistics Canada is about to launch its March inflation studying this morning.

The federal company’s newest client worth index report will present an replace on the tempo of worth development within the nation.

RBC is forecasting the annual inflation charge fell to 4.1 per cent in March, down from 5.2 per cent in February.

The financial institution says the anticipated decline in inflation final month was doubtless pushed by decrease vitality costs.

Canada’s annual inflation charge has been steadily declining since final summer time, as world worth pressures ease and excessive borrowing prices weigh on spending.

Inflation is anticipated to proceed slowing within the coming months, with many economists forecasting the annual charge to fall to about three per cent by mid-year.

This report by The Canadian Press was first printed April 18, 2023