Week ahead, 19–23 October 2026: Canada and UK inflation, flash PMIs and Japan's national CPI

The week of 19 October is about inflation and surveys, a week before the busiest stretch of the central bank calendar. Dates and times below come from each institution's own calendar; where a time wasn't published, only the date is given.

Monday 19 October: Canada's CPI

Statistics Canada publishes September's consumer price index. August showed inflation at 3.0%, or 2.4% excluding gasoline (report). The Bank of Canada decides on 28 October. Our preview of the 9 October jobs report covers the labour side of the same debate.

Tuesday 20 October and Wednesday 21 October: the UK

• Tuesday: the ONS labour market overview at 7:00 a.m. UK time
• Wednesday: UK consumer prices for September at 7:00 a.m. UK time. August's rate was 3.1%, with fuel the main driver (report)

The Bank of England holds Bank Rate at 3.75% after its 6–3 vote on 17 September (report), and its next decision is on 5 November.

Friday 23 October: flash PMIs, Japan's CPI and Canadian retail sales

S&P Global's release calendar lists the flash PMIs as follows (times in UTC, with the local time in brackets):

• Australia: 22:00 on 22 October (09:00 AEDT)
• Japan: 00:30 (09:30 JST)
• France: 07:15 (09:15 CEST)
• Germany: 07:30 (09:30 CEST)
• Eurozone: 08:00 (10:00 CEST)
• United Kingdom: 08:30 (09:30 BST)
• United States: 13:45 (09:45 EDT)

In September the US composite hit a five-year high of 58.4, the eurozone's rose to 53.1 and the UK's slowed to 51.7 (report). On the same day:

• Japan's national CPI for September, after Tokyo's core rate jumped to 2.7% (report). The national core rate was 1.7% in August
• Canadian retail sales for August, following an advance estimate of a 1.3% rise (report)

The backdrop

Treasury yields and the Fed are the background to everything: the 10-year closed at 5.28% on 2 October (report). PMIs explained covers what the flash numbers mean, and the FTC economic calendar lists every release with its time.