Free Trial

Unhelpfully Strong Momentum In Core Inflation

CANADA DATA
  • Core measures may have come in broadly as expected in Y/Y terms but it still confirms particularly strong M/M readings as some suggested might be the case.
  • The average of the trim and median measures accelerated to 0.4% M/M, which pushed the 3-month rate from 3.4% to 3.7% annualised. Having slowed notably from 7.5% in Q2, there has been zero further progress since August with it holding in the 3.5-4% range.
  • Traditional core (ex food & energy) saw its third month at exactly 0.34% M/M but the 0.14 in January dropping out meant that the 3-month rate accelerated from 3.3% to 4.1% for its fastest since September.


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.