At 14:30 (GMT+2), May data on the consumer price index in Canada will be released. It is the main indicator of inflation in the country and determines the change in retail prices for a certain “basket” of goods and services (food, transport, utilities, healthcare, etc.), and has a significant impact on the decisions of the authorities on monetary policy. The index is expected to fall from 4.4% to 4.2% YoY and from 0.7% to 0.5% MoM, while the core value will correct from 4.1% to 3.9% YoY.
