Financial Wire

加拿大帝国商业银行(CIBC)表示,继3月份CPI飙升之后,加拿大4月份CPI同比涨幅将升至3%左右。

-- 加拿大帝国商业银行(CIBC)在周一公布消费者价格指数(CPI)数据后表示,所有人都知道由于汽油价格上涨,加拿大3月份的通胀率将会飙升,但唯一的问题是通胀率会飙升到什么程度。 CIBC指出,3月份CPI同比上涨2.4%,其中环比涨幅为0.9%(未经季节性调整,经季节性调整后为0.5%),略低于市场普遍预期(2.6%),但较上月1.8%的同比涨幅仍大幅上升。 CIBC表示,汽油价格上涨“当然”是通胀加速的主要驱动因素,目前其他领域的通胀传导效应还很有限。事实上,核心通胀在3月份比预期更为温和,四项指标(CPI-Trim、中位数、CPI-X以及剔除食品/能源价格后的核心通胀)环比平均上涨0.1%,按三个月年化计算上涨1.4%。报告指出,电话服务价格当月大幅下跌,对CPI-X和剔除食品/能源价格后的核心通胀指标产生了显著的下行影响。 展望未来,加拿大帝国商业银行(CIBC)表示,汽油价格的进一步上涨将导致下个月整体通胀率跃升至3%左右,之后有望在5月份略有回落,部分原因是联邦燃油消费税的暂时中止(预计5月份整体通胀率将下降约0.2个百分点)。 报告补充说,能源价格上涨对核心通胀指标的影响可能会在夏季临近时变得更加明显,尤其是在机票价格上涨的影响得到更充分体现之后。但加拿大经济内部的疲软应该会阻止这些指标再次加速上涨,使加拿大央行能够在2026年之前保持观望态度。

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