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February CPI............................>

CANADA DATA
CANADA DATA: February CPI
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- Feb CPI +0.7% m/m vs BBG and MNI consensus of +0.6%
- Feb CPI +1.5% y/y vs BBG and MNI consensus of +1.4%
- BOC's preferred measures of core CPI averaged 1.8% vs Jan +1.9%
- Gasoline +1.9% m/m, first increase since July 2018
- CPI ex gas +0.6% m/m (vs Jan +0.2% m/m); +2.1% y/y (same as Jan)
- But gas prices remain top downward contributor y/y (-11.9%)
- Mortgage interest cost (+8.1%) top upward contributor y/y

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