Canada CPI February 2018 2.2% vs 2.0% exp y/y

by | March 23rd, 2018, 12:30:36 | Canada, Economic Data

February 2018 Canadian CPI inflation and January 2018 retail sales data 23 March 2018

  • Prior 1.7%
  • 0.6% vs 0.5% exp m/m. Prior 0.7%
  • BOC core 1.5% vs 1.2% prior y/y
  • 0.7% vs 0.5% prior m/m
  • Median 2.1% vs 1.9% prior
  • Trim 2.1% vs 1.8% prior
  • Common 1.9% vs 1.9% exp. Prior 1.8%

January retail sales

  • 0.3% vs 1.1% exp m/m. Prior -0.7%. Revised to -0.8%
  • ex-autos 0.9% vs 0.9% exp m/m. Prior -1.8%. Revised to -1.7%

A bounce in inflation and retails turnaround the loss from last month. Good news for CAD and USDCAD has dropped to a low of 1.2836. There’s probably not enough here to change BOC expecations though.

Ryan Littlestone
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