May 21, 2024 12:30 GMT
Canada April Headline and Core CPI Slowest Since 2021
CANADA DATA
- April Inflation +2.7% YOY from +2.9% in March, the slowest since March 2021. The deceleration was "broad-based" and led by food, services, and durable goods.
- BoC's preferred core measures are at their slowest since June 2021. Trim CPI +2.9% YOY, down from +3.2% the month before; median CPI +2.6% from +2.9% in March.
- Month over month headline CPI slowed to +0.5% from +0.6%.
- Gasoline prices +6.1% from a year ago; excluding gas, headline CPI was +2.5% YOY.
- The April report is the last inflation release before the BOC's June interest-rate decision.
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