Canada April consumer price index 1.6% y/y vs 1.7% expected

Author: Adam Button | Category: News

April consumer price index data from Statistics Canada

  • Prior was +1.6%
  • CPI +0.4% vs +0.5% m/m expected

Core inflation:

  • CPI common +1.3% y/y vs +1.4% y/y expected
  • Prior common was 1.3% y/y
  • CPI trim 1.3% y/y vs 1.4% expected
  • CPI median 1.6% y/y vs 1.7% expected

Small misses all around. A few months ago the BOC brushed off inflation and they've been proven correct.

More details:

  • Prices were up in six of the eight major components y/y
  • Transportation and shelter indexes the main contributors
  • Gasoline prices posted a 15.9% year-over-year increase
  • Gasoline up 9.5% m/m
  • Full report
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