Canada Consumer Price Index (CPI) Set to Release Today: What to Expect

The publication of Canada’s January Consumer Price Index (CPI) figures on Tuesday will be the focus of attention. Indeed, Statistics Canada data will provide the Bank of Canada (BoC) with a much-needed update on price pressures ahead of its March 18 meeting, where policymakers are widely expected to keep rates steady at 2.25%.

Economists see the headline CPI rising by 2.4% in a year to January, still above the BoC’s target and matching December’s increase. On a monthly basis, prices are expected to…