Economists expect Canadian inflation cooled down in December.
Canada's consumer price index for last month will be released on Tuesday by Statistics Canada. Economists tracked by Bloomberg expect that inflation rose 6.4 per cent on a year-over-year basis in December, a slight decline from the 6.8 per cent figure reported in November.
Janzen said December's decline is likely driven by a drop in gasoline prices, which fell 13 per cent on a month-over-month basis in December. However, Janzen said it expects shelter costs to remain elevated due to the high-interest rate environment.
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