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May CPI Inflation Preview - 8:30EST.....>

CANADA DATA
CANADA DATA: May CPI Inflation Preview - 8:30EST
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- MNI Median MoM +0.2%, prior +0.4% MoM.
- MNI Median YoY +2.2%, prior +2.0% YoY.
- Inflation rate has quickened for 3 straight months...
- ...but hasn't been above the BOC's 2% target since October (+2.4%). 
- May report will likely be focused on retail gasoline prices, which jumped +10%
MoM in April.
- Headline inflation and 3 core inflation measures tracked by the BOC have all
been near 2% in recent months.

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