Canadian CPI data
- Prior was +1.0% y/y
- CPI m/m +0.5% vs +0.7% exp
- Prior month +0.6% m/m
- Full report
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%.
