CPI data
Prior was 2.2%
CPI +0.3% m/m vs +0.1% m/m expected
Goods +0.2% m/m
Services +0.3% m/m
Energy -1.6% m/m
Core numbers:
Core common 1.9% vs 1.9% exp
Core median 2.0% vs 2.0% exp
Core trim 2.1% vs 2.1% exp
If you look back to the September data there was a big miss at 2.2% compared to 2.7% and that helped to send USD/CAD to the levels it's at now. Vehicles had skewed those numbers and it looks like some of that unwound.
Core remains right around target. I don't think this number is going to give the BOC too much to think about.
