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Core CPI Latest Trends

CANADA DATA

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

% M/M: 0.33 in May'24 after 0.17 in Apr'24

% 3mth ar: 2.5 in May'24 after 1.6 in Apr'24

% 6mth ar: 2.4 in May'24 after 2.3 in Apr'24

% Y/Y: 2.85 in May'24 after 2.7 in Apr'24


CPI xFE (ex food & energy):

% M/M: 0.40 in May'24 after 0.20 in Apr'24

% 3mth ar: 3.2 in May'24 after 2.2 in Apr'24

% 6mth ar: 2.4 in May'24 after 2.3 in Apr'24


CPIX (ex 8 most volatile & indirect taxes):

% M/M: 0.32 in May'24 after 0.06 in Apr'24

% 3mth ar: 2.1 in May'24 after 0.8 in Apr'24

% 6mth ar: 1.2 in May'24 after 1.1 in Apr'24

Source: Bloomberg, MNI

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