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Dec CPI +0.7% YOY vs Nov +1.0%, MOM -0.2%

CANADA DATA
(MNI) OTTAWA
  • Economists predicted 1.0% YOY and 0.0% MOM
  • Statistics Canada said headline index should be treated with caution because of 21% jump in travel tour costs, clearly out of whack amid warnings about travel
  • Average of 3 core inflation measures was 1.6% in Dec, 1.7% in Nov
  • Homeowner replacement costs +5.5% YOY, mortgage interest costs -3.1%
  • Gasoline prices +3.3% MOM, first gain since July, -8.5% YOY
  • YOY food costs slowed to 1.1% from 1.9%, phone services -11%
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com

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