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Core CPI Latest Trends

CANADA DATA

Further moderation in BoC's preferred core metrics, whilst CPIxFE and CPIX lift but are still low, especially CPIX.


Core CPI (median & trim av - BoC focus):

  • % M/M: 0.12 in Mar'24 after 0.12 in Feb'24
  • % 3mth ar: 1.3 in Mar'24 after 2.3 in Feb'24
  • % 6mth ar: 2.3 in Mar'24 after 2.5 in Feb'24
  • % Y/Y: 2.95 in Mar'24 after 3.1 in Feb'24

CPI xFE (ex food & energy):

  • % M/M: 0.27 in Mar'24 after 0.13 in Feb'24
  • % 3mth ar: 1.9 in Mar'24 after 1.6 in Feb'24
  • % 6mth ar: 2.7 in Mar'24 after 2.5 in Feb'24

CPIX (ex 8 most volatile & indirect taxes):

  • % M/M: 0.19 in Mar'24 after 0 in Feb'24
  • % 3mth ar: 0.8 in Mar'24 after 0.3 in Feb'24
  • % 6mth ar: 1.6 in Mar'24 after 1.2 in Feb'24

Source: Bloomberg, MNI

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