Canadian December 2018 consumer price index data
- Prior was 1.7% y/y
- CPI -0.1% m/m vs -0.4% m/m expected
- Prior m/m was -0.4% m/m
- Goods -0.7% m/m
- Services +0.5% m/m
- Energy -3.7% m/m
- Ex food and energy +0.1% m/m
Core numbers:
- Core common 1.9% vs 1.9% prior
- Core median 1.8% vs 1.9rior
- Core trim 1.9% vs 1.9rior
The surprise jump in services inflation is the story here. I posted a warning about a high number before the release.
"A month-over-month increase in the air transportation index (+21.7%) reflected higher prices for travel during the holiday season," Statistics Canada reported.
