Canadian inflation data for June 2018:
Highest since 2012
Prior was 2.2%
CPI m/m +0.1 vs +0.0% expected
Prior m/m reading was +0.1%
Core numbers y/y:
- Core common +1.9% vs 1.9% expected (and +1.9% prior)
- Core median +2.0% vs +1.9% prior (revised to +2.0%)
- Core trim +2.0% vs +1.9% prior
The May report disappointed but inflation has bounced back in June.
