Canada June CPI +2.0% vs +2.0% y/y expected

Canada June CPI +2.0% vs +2.0% y/y expected Author: Adam Button | Category: News

  • share

Canadian inflation data for June 2019:

  • Prior was +2.4% y/y (a seven-month high)
  • Month-over-month at -0.2% vs -0.3% expected
  • Prior m/m +0.4%
  • Ex energy +2.6% y/y
  • Food +3.5% y/y (vegetables +17.3% y/y)

Core measures:

  • Median 2.2% vs 2.1% exp (prior 2.1% revised to 2.2%)
  • Common 1.8% vs 1.8% exp (prior 1.8%)
  • Trim 2.1% vs 2.2% exp (prior 2.3%)

I don't see anything in the headlines that's going to grab the BOC's attention. These are decently high numbers considering that energy prices were down 4.1% y/y in June with gasoline prices -9.2%.
StatsCan highlighted rising insurance premiums for homes (+6.3%) and vehicles (+8.8%), in part due to weather-related events.
ForexLive

 

error: Content is protected !!