Higher gasoline prices in March in Canada —up 21% from February—are expected to push year-over-year growth in the headline Consumer Price Index up to 2.5% from 1.8% in February, while inflation excluding food and energy ticks slightly higher to 2.2%. Annual energy inflation will likely rise above 0 for the first time since spring last […]
The post Spike in Gas Prices Lift March Headline Inflation in Canada appeared first on ActionForex.
Key Highlights WTI Crude Oil started a recovery wave above $96.50 and $98.00. A bullish trend line is forming with support at $99.80 on the 4-hour chart of XTI/USD. Gold is grinding lower below the Read more…
RBNZ Governor Anna Breman warned at a panel discussion today that New Zealand is being affected by global inflation shocks stemming from the Middle East conflict, noting that it has “disrupted global supply chains, pushing Read more…
Australia’s inflation accelerated sharply in March, with headline CPI rising from 3.7% yoy to 4.6% yoy, the highest since September 2023, though slightly below expectations of 4.8% yoy. The surge was largely driven by energy Read more…