Canadian July CPI
- Prior was +2.0%
- Services +2.4% y/y
- Goods +1.3% y/y
- CPI +0.5% m/m vs +0.2% expected
- Prior m/m -0.2%
- Full report
Core measures:
- Median 2.1% vs 2.1% exp (prior 2.2%)
- Common 1.9% vs 1.8% exp (prior 1.8%)
- Trim 2.1% vs 2.0% exp (prior 2.1%)
Forget about that September rate cut. There was a 42% jump in digital devices, which includes cell phones and tablets.
