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January CPI +2.4% YoY, Prior +2.2%, MNI.>

CANADA DATA
CANADA DATA: January CPI +2.4% YoY, Prior +2.2%, MNI Median +2.3%
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- January CPI +0.3% MoM vs MNI median +0.2%.
- Headline CPI is the fastest since May 2019.
- Monthly CPI increase was mainly due to passenger vehicles (+2.4%) and 
fresh vegetables (+5.6).
- January air transportation (-13.8%) and travel tours (-6.9) offset 
some of monthly gains. 
- CPI YoY gains on gasoline (+11.2%) and passenger vehicle insurance 
(+8.4%).
- Average of Bank of Canada core measures +2.0% YoY. 
- CPI ex-gasoline +2.0% YoY; matching last month growth.
- Energy prices +6.8% YoY.

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