Inflation down: experts say it’s at 1.6% after the end of consumer carbon price

TORONTO – Statistics Canada is scheduled to release tomorrow its April consumer price index data. The new inflation reading comes two weeks before the Bank of Canada’s next interest rate decision, scheduled for June 4. And the forecast – made last Friday by economists at LSEG Data & Analytics – predicts that April inflation will fall to 1.6%. Same forecast comes from RBC’s experts: annual inflation will fall to 1.6% in April from 2.3% in March.