OTTAWA — Statistics Canada will reveal the early impacts of the Iran war’s oil price shock on inflation when the agency reports its consumer price index for March on Monday.
A Reuters poll shows economists widely expect the headline inflation rate rose to 2.5 per cent in March, up from 1.8 per cent in February, according to LSEG Data & Analytics.
RBC senior economist Claire Fan said the bank is also expecting a 0.7-percentage-point jump in the headline inflation rate in March.
“Most of that will just be driven by elevated gasoline prices as well as diesel prices,” she said.
The price of oil has surged in recent weeks
→ Continue reading at BIV