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All Main Core Inflation Metrics See Acceleration On 6-Month Trend Basis

CANADA DATA
  • The drift higher in the 6-month run rate of the BoC’s preferred trim and median core measures was more pronounced in traditional core metrics.
  • Ex food & energy prices rising a second consecutive 0.40% M/M in Nov (Oct revised up from 0.34 to 0.40%) meant the 3-month lifted to 4.1% from 3.6% (initially 3.3%) and the 6-month rate lifted to 3.7% from 3.2% (initially 3.0%).
  • CPIX meanwhile accelerated to 0.33% M/M after an unrevised 0.26%. This saw an unchanged 2.1% on a 3-month basis but the 6-month bounced from 2.3% back to 2.7% annualized.

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