Canada January 2021 consumer price index data
- 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.