At 14:30 (GMT+2), Canada will publish April data on the consumer price index, which is the main indicator of the country's inflation rate and determines the change in the level of retail prices for a certain “basket” of goods and services: food, transport, utilities, health care and others, and also has a significant impact on the decisions on monetary policy. If the indicator accelerates from 0.9% MoM and 2.4% YoY, while the core indicator rises from 0.2% and 2.5%, respectively, this will certainly affect the rhetoric of the Bank of Canada at its next meeting.
