-- 德斯贾丁银行在周一公布的CPI数据后表示,由于消费者在3月份面临13%的能源成本上涨,加拿大消费者价格指数(CPI)环比上涨0.9%。 然而,该行指出,这一数字略低于预期,因为剔除食品和能源价格的CPI意外地保持平稳。此外,价格年涨幅超过3%的CPI类别占比下降,而涨幅低于1%的类别占比上升。 尽管加拿大央行首选的核心通胀指标环比上涨0.2%,高于此前的0.1%,但这主要是由于能源价格上涨和波动较大的租金价格飙升所致。 尽管环比有所回升,但这些指标的三个月年化平均涨幅在3月份仅为1.7%,与该行追踪的剔除住房成本的三个月年化核心服务通胀率相近。 进一步佐证潜在价格压力依然温和的证据是,经偏差调整后的核心中位数和截尾均值通胀指标的年化平均增长率也显得“疲软”,为1.8%,而未经调整的平均值为2.3%。 该行指出,预计全球能源价格上涨对潜在通胀指标的影响有限。即使中东冲突持续,德斯贾丁银行也认为这只是相对价格冲击,对核心通胀指标的影响微乎其微。 因此,加拿大央行今年余下时间可以继续按兵不动,以刺激经济复苏。受此数据影响,市场参与者进一步降低了对加拿大央行加息的预期,目前市场预期今年加息25个基点的可能性不足一次。
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