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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
CANADA DATA
- Along with surprisingly soft core CPI metrics, dispersion measures also moved softer in July.
- By our calculations, the share of 185 items across the entire CPI basket growing in excess of 3% Y/Y fell further from 33% to 28%, a new recent low.
- The 33% was already back to the 2019 average whilst the 28% equals a long-term average through 2010-19.
- Both goods and services saw signs of disinflationary progress in July.
- The share of goods growing >3% Y/Y fell from 27.5% to 23% (2019 av 34%, 2010-19 av 26%) whilst the share of services fell from 46% to 41% (2019 and 2010-19 av 31%).
- As the below charts show, this services calculation has lagged goods but it has seen what is now starting to be a notable moderation from the 62% share as of December.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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