Details of the Canadian April consumer price index report:
In y/y terms:
- Prior was 1.2%
- Core 2.3% vs 2.4% exp
- Prior core was 2.4%
In m/m terms:
- -0.1% vs +0.1% exp
- Prior was +0.6%
- Core 0.1% vs 0.2% exp
- Prior core was +0.4%
USD/CAD jumped about 50 pips on the headlines. Inflation is a touch soft and the US dollar is broadly stronger because of higher US core inflation.