Canada May inflation data
Prior was 2.2%
- CPI +0.1% m/m vs +0.4% m/m expected (prior +0.3%)
- Core common +1.9% vs 1.9% prior
- Core median +1.9% vs +2.1% prior (revised to 1.9%)
- Core trim +1.9% vs +2.1% expected (2.1% prior)
- Ex food and energy +0.1% m/m vs -0.1% prior
- Goods inflation -0.3% vs +0.9% prior
- Services inflation +0.5% vs -0.2% prior
Terrible numbers. There's a big rethink coming up on the Bank of Canada. USD/CAD jumped to 1.3344 after this report and an equally-soft retail sales report.
