Capital Economics flags heating core CPI near 2%
Core inflation’s average in August was largely unchanged near 2%, but Capital Economics says preferred core CPI gauges show signs of heating up, implying risk of Bank of Canada rate hikes by year-end.
0933 ET - The average of the Bank of Canada's preferred readings of core inflation was largely unchanged in August, near 2%. Bradley Saunders of Capital Economics says that, nevertheless, there are signs of worry that core CPI is heating up. He says the BOC's preferred core CPI gauges have recorded…