Details of the August 2017 Canadian CPi report 22 September 2017
- Prior 0.0%
- 1.4% vs 1.5% exp y/y. Prior 1.2%
- CPI core trim mean 1.4% vs 1.3% prior
- Core common 1.5% vs 1.4% prior
- Core median 1.7% unch
- BOC core 0.0% vs -0.1% prior m/m
- 0.9% vs 0.9% prior y/y
The year on year number has taken some steam out of BOC hike expectations.
In a world where central bankers are struggling to get their heads around inflation, the BOC’s scatter gun approach to giving us a multitude of metrics doesn’t help us one bit. Some up, some down but CAD says one, thing, “we don’t like it”.