Prior month +1.7%CPI m/m +0.1% vs +0.1% expected. Last month +0.6%Core CPI m/m +0.1% vs +0.6% last monthCore CPI y/y +2.7% vs +2.5% last monthCPI Median y/y +3.1% vs +3.0% expected. Last month +3.0%CPI Trim +3.0% vs +3.0% expected. Last month +3.0%CPI Common +2.6% vs +2.6% last month
These figures won’t change anything in terms of market pricing and the BoC will remain on the sidelines as they gather more information. Of note, prices for durable goods accelerated on a year-over-year basis; they rose 2.7% in June after increasing 2.0% in May. This is also what’s been happening in the US due to tariffs.
This article was written by Giuseppe Dellamotta at www.forexlive.com.