Canadian inflation data creates major move

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Source: Dukascopy Bank SA


Monthly publication of Canadian inflation data has shown not only rising inflation, but also higher than expected increases. Namely, markets expected prices increasing, but the pace is higher than forecast.

Month-on-month inflation increase is 0.4% instead of the forecast 0.3%. Previous month, prices decreased by 0.4%.

Median annual CPI is at 2.5% instead of forecast 2.4%. Prior data showed 2.3%. Trimmed CPI increased 2.6%, not the expected 2.4%.
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