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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
- By our calculations, the share of the CPI basket growing in excess of 3% Y/Y held at ~33% for a third month running.
- As noted in the preview, this is down from 80% in late 2022, back to the 33% averaged in 2019 and close to than the longer-term average of 28%.
- The composition this month was more friendly though, reversing the net hawkish findings from May.
- Specifically, the share of goods in excess of 3% Y/Y actually ticked 1.5pp higher to 27.5% (2019 av 34%) whilst the share of services fully unwound May’s increase as it fell from 52% to 46% (2019 av 31%).
- The latter is still clearly above pre-pandemic norms and offers continued worries about stickiness, but it does at least see a resumption of what had started to be a more encouraging disinflation trend earlier in the year.
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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