Canadian April CPI +0.6% vs +0.5% m/m expected

• Prior was +1.4%
• CPI y/y 6.8% vs 6.7% expected
• Prior y/y reading was +6.7%
• Gasoline prices vs +39.8% m/m prior

Core measures y/y:

• Median 4.4% vs 3.8% prior
• Trim 5.1% vs 4.7% prior
• Common 3.2% vs 2.9% expected (prior was 2.8%)
• BOC core 5.7% vs 5.4% expected (prior was 5.5%)
• BOC core +0.7% m/m vs +0.4% expected

This is another terrible read on inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term. Globally it's the same story all over and it's getting worse, not better. Powell yesterday said they will continue to hike until something breaks. In Canada, the 'something' will be the housing market.