Canada November CPI data
- Prior was 1.4%
- Estimates ranged from +1.8% to +2.3%
- m/m +0.3% vs +0.2% exp
- Prior m/m +0.1%
- CPI index 131.3 vs 131.1 exp (130.9 prior)
Core measures:
- CPI core common +1.5% vs +1.7% exp (1.6% prior)
- CPI core trim +1.8% vs +1.5% prior
- CPI media 1.9% vs 1.7% prior
Solid beat on most inflation measures, with the exception of core common but there was a big beat on retail sales and the Canadian dollar is soaring.
Transportation prices rose 5.9% on a year-over-year basis in November, following a 3.0% increase in October. Gasoline prices contributed the most to this acceleration, rising 19.6% year over year in November, after increasing 6.5% the previous month.