Canada January CPI +1.0% vs +0.9% y/y expected

Author: Adam Button | Category: News

Canada January 2021 consumer price index data

Canada CPI
  • Prior was +0.7% y/y
  • CPI  m/m +0.6% vs +0.5% exp
  • Prior month -0.2% m/m
  • Full report
Core measures y/y:
  • Median +1.4% vs 1.8% exp (prior 1.8%)
  • Common +1.3% vs 1.4% exp (prior 1.3%)
  • Trim +1.8% vs 1.6% exp (prior 1.6%)
It's a mixed picture in this report with the headline higher but core measures mostly lower than anticipated.

The rise was largely due to higher prices for durable goods (+1.7%) and rising gasoline prices (+6.1%) compared with December 2020. Gasoline prices were -3.3% y/y.

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