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Dec. CPI Inflation Preview -............>

CANADA DATA
CANADA DATA: Dec. CPI Inflation Preview - Wednesday 8:30 EDT 
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- MNI Median +2.3% y/y (+0.1% m/m), would be the fastest y/y since 2.4% in May
- November +2.2% y/y (-0.1% m/m) 
- BOC has cited inflation near 2% target as reason to hold 1.75% key rate, has
decision at 10am EST Wednesday.
- The 3 core rates averaged 2.2% in Nov., was fastest since 2009.
- Vehicle insurance premiums (+7.6% y/y) and mortgage interest costs (+6.6%)
were the biggest upward contributors to 12-month change in November 
- CPI is typically weak in December but analysts expect a rare small gain 
- Analysts say energy prices could support a year-over-year increase due a drop
in 2018 - Changes to airfare methodology could also boost inflation

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