TD Bank forecasts steady inflation, expects downturn in rents
TD Bank has forecasted a continuation of “soft” growth in core-price inflation for September, predicting a 0.3% month-on-month rise for the third consecutive month. This projection aligns with the inflation figures reported in August, according to information released on Tuesday.
The bank also anticipates stable goods inflation but expects a downturn in rents inflation, although no specific numbers were provided. Unpredictable external factors such as airfares and lodging rates could potentially impact the overall inflation numbers.
On the energy front, TD Bank predicts gasoline prices will level out, contributing to a consistent headline inflation rate. The bank’s outlook indicates that these monthly figures, when translated into yearly rates, suggest a 3.6% year-on-year increase in total prices and a 4.1% year-on-year hike in core prices.
The forecasts come amid ongoing global economic uncertainties and fluctuating market trends. With inflation being a key indicator of economic health, these predictions are being closely watched by investors and policy makers alike.
