Canada March CPI +0.7% vs +0.7% m/m expected

Canada March consumer price index

• Prior was +0.7% m/m
• CPI +1.9% y/y vs +1.9% y/y expected
• Prior y/y +1.5%

Core y/y numbers:

• CPI median +2.0% vs +1.8% expected
• CPI common +1.8% vs +1.8% expected
• CPI trim +2.1% vs +1.8% expected

The core numbers are hot and CAD likes it. Those are pretty significant misses.