May 2018 Canadian CPI inflation data 22 June 2018
- Prior 2.2%
- 0.1% vs 0.3% exp m/m. Prior 0.3%
- CPI common 1.9% vs 1.9% exp y/y. Prior 1.9%
- Median 1.9% vs 2.1% exp y/y. Prio r2.1%
- Trim 1.9% vs 2.1% exp. Prior 2.1%
- BOC core 1.3% vs 1.5% y/y prior
- -0.1% vs 0.1% prior m/m
Headline misses expectations but holds the same as Apr. The cores drop in two components, as does the BOC numbers.
With this and poor retail sales, july hike hopes have been knocked severely. USDCAD jumps to 1.3382 from around 1.3270.
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