Canada February CPI +1.1% y/y vs +1.3% expected

Author: Adam Button | Category: News

Canadian CPI data

Canadian CPI data
Core measures y/y:
  • Median +2.0% vs 2.0% exp (prior 2.0%)
  • Common +1.3% vs 1.4% exp (prior 1.3%)
  • Trim +1.9% vs 2.0% exp (prior 2.0%)
This report turned into a mess last month after Statistics Canada changed its methodology for its three core measures. That didn't go down well, then they backtracked.

This is the fastest y/y pace in more than a year as gasoline prices climbed 5.0%. Durable goods prices were up 2.8% y/y with appliance prices up 6.1% y/y. The main drag continues to be clothing prices, which are down 4.8%.

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