Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
OTTAWA (MNI) - The following are the key points from the November
data on the Canadian Consumer Price Index released Thursday by
- Headline unadjusted CPI rose 0.3% on the month, more than the
0.2% increase expected by analysts in a MNI survey. On an seasonally
adjusted basis, inflation rose 0.5% and 0.2% excluding food and energy.
- Unadjusted CPI was up 2.1% year-over-year after +1.4% in October,
slightly above expectations of a 2.0% increase, and above the Bank of
Canada's 2.0% target.
- As expected, gas prices were the main upward contributor to both
monthly and year-over-year inflation. Gas prices rose 7.4% on the month
and 19.6% from November 2016.
- Excluding gasoline, CPI growth still accelerated to 1.5% from
1.4%. Excluding food and energy, CPI was unchanged, for a 1.8% 12-month
gain. All eight major CPI categories increased year-over-year except
clothing and footwear.
- The range of three BOC's preferred measures of underlying
inflation edged up to 1.5%-1.9% from 1.5%-1.7%.
--MNI Ottawa Bureau; email: email@example.com