Canadian prices to remain elevated for remainder of 2021

  • Cars and homes accounted for much of price growth in June
  • Investors are still betting that the inflation spike will prove temporary
  • Cooling commodity prices to temper soaring input costs






 

June 16, 2021

  • Consumer price increases were more broadly-based in May
  • Market inflation expectations plateau albeit at elevated levels
  • Rising input costs pose a key hurdle for businesses though some offset from stronger loonie







 


Download report PDF

Download

May 20, 2021

  • Inflation pressure still manageable but broadening
  • Market expectations have dialed higher
  • Rising Input costs and firming demand to act as tailwinds for price growth






 


Download report PDF

Download

Claire Fan is an economist at RBC. She focuses on macroeconomic trends and is responsible for projecting key indicators on GDP, labour markets as well as inflation for both Canada and the US.

This article is intended as general information only and is not to be relied upon as constituting legal, financial or other professional advice. A professional advisor should be consulted regarding your specific situation. Information presented is believed to be factual and up-to-date but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by Royal Bank of Canada or any of its affiliates.