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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
- CPI trim/median came in as expected in July at 3.65% Y/Y although it offered a milder deceleration than first thought as a 0.2pp downward revision for median left the average at 3.7% Y/Y in June.
- However, this was the recent of a downward revision back in Jul’22 which hasn’t materially changed the prior trend to June.
- We’re left with trim/median increasing a robust 0.34% M/M in July after 0.32% in June and 0.20% in May, but April’s 0.45% drops out.
- As such, the important 3-month rate cooled from 3.9% to 3.5% but perhaps offered less progress than some had hoped for.
- Other core measures run lower though, with ex food & energy unchanged at 2.5% after the previously seen sizeable moderation in June, and ex 8 most volatile controlled for indirect taxes as low as 2.1% annualized.
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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