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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
- The average of CPI trim/median accelerated to 4.0% Y/Y (cons 3.7) in Aug after an upward revised 3.75% Y/Y (initial 3.65) in July, led by strength in the median.
- The latest month accelerated to 0.44% M/M in both trim and median, which saw the 3-month run rate jump from 3.5% to 4.5% annualized, above the 3.5-4% range that for the most part had been seen since last August.
- Older measures of core: sticking with 3-month annualized figures, CPI ex food & energy accelerated to 3.6% from an upward revised 2.8% (initial 2.5%), CPI ex 8 most volatile & indirect taxes accelerated to 3.2% annualized after an upward revised 2.4% (initial 2.1) in July.
- Recall from the Sep 6 BoC statement: “Year-over-year and three-month measures of core inflation are now both running at about 3.5%, indicating there has been little recent downward momentum in underlying inflation. The longer high inflation persists, the greater the risk that elevated inflation becomes entrenched, making it more difficult to restore price stability.”
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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