Canada December CPI +2.2% vs +2.3% y/y expected

Canada December 2019 consumer price index data:

• Prior was +2.2% y/y
• CPI % m/m 0.0% vs 0.0% expected
• Prior m/m reading was -0.1%

Core measures:

• Median 2.2% vs 2.4% exp (prior 2.4%, revised to 2.3%)
• Common 2.0% vs 1.9% exp (prior 1.9%)
• Trim 2.1% vs 2.2% exp (prior 2.2%)

The core measures are a mixed bag with median and trim on the soft side but common a touch firmer. The general bias of the report was on the lighter side but note that all three BOC core measures are now above 2%.