Free Trial

National: Above Consensus For Headline CPI, In Line For Core

CANADA
  • National see CPI on Tuesday as the main event of the week, expecting headline CPI to increase 0.2% M/M NSA for the year-ago rate to come down to 3.2% from 3.7% Y/Y (vs consensus of 3.1% Y/Y).
  • The drop is gasoline prices is seen as limiting the headline CPI increase.
  • Despite being a tenth above consensus for headline, they are in line with some key core figures: “The core measures preferred by the BoC should have eased, with CPI-med likely moving from 3.8% to 3.6% and CPI-trim from 3.7% to 3.6%.”

To read the full story

Close

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.