- Prior was +16.9%
- Month-over-month reading +6.0% vs +3.0% prior
- Raw materials price index +29.8% vs +30.5% expected
- Month-over-month raw materials price index +3.1% vs +6.5% prior
These are a touch below the consensus but still way above what's consistent with 2-3% inflation. I believe the BOC will hike by 50 bps in April.
