Just the kind of number that will keep the Bank of Canada on the sidelines.
- Prior reading was +1.2% y/y
- Prices rose 0.3% m/m vs 0.1% expected
- Core CPI 1.4% vs 1.3% y/y expected
- Core m/m +0.2% vs +0.1% exp
It’s the highest headline CPI reading since April 2012.
Canadian CPI y/y