Canada December inflation data

Canada December CPI
  • Prior was +1.0%
  • CPI -0.2% m/m vs +0.1% exp
  • Prior month +0.1% m/m
  • +1.0% excluding gasoline

Core measures y/y:

  • Median +1.8% vs 1.9% exp (prior 1.9%)
  • Common +1.3% vs 1.5% exp (prior 1.5%)
  • Trim +1.6% vs 1.7% exp (prior 1.7%)

This is a small wrinkle ahead of the Bank of Canada decision later today.