OTTAWA — Falling gas prices in June are expected to pull the annual inflation rate back below three per cent when Statistics Canada reports fresh price data on Monday.
A Reuters poll of economists expects inflation fell to 2.9 per cent in June from a recent high of 3.2 per cent in May, according to LSEG Data & Analytics.
Economists at Royal Bank of Canada are a bit below that poll and expect inflation to ease to 2.8 per cent in June.
“Outside of more volatile components, inflation pressures are expected to remain broadly stable,” wrote RBC’s Nathan Janzen and Abbey Xu in a note to clients Friday.
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