Preview: May Canadian CPI Expected to Increase 0.3%

• Headline CPI (M/M): 0.3%

• Excluding Food and Energy (M/M): 0.3%

• Core CPI (aka ex BOC items m/m): 0.2%

• Headline CPI (Y/Y): -0.4%

• Core CPI (aka ex BOC items Y/Y): 1.7%

Canadian May Headline CPI is expected to increase 0.3% m/m following a 0.1% decline in April. The y/y CPI headline pace is expected to decrease to 0.4% in May after increasing 0.4% prior.

Core CPI m/m is expected to edge up 0.2% after increasing 0.1% in April. Core CPI y/y is expected to rise 1.7% in May after jumping 1.8% prior.

Excluding food and energy, CPI is expected to rise 0.3% after increasing 0.1% in April.

The data will be released today at 7:00 a.m. by Statistics Canada