Canadian Inflation Declined Again in April

Inflation remained negative in Canada for the second month in April

Written by: Skerdian Meta • Wednesday, June 17, 2020 • 1 min read

• Last updated: Wednesday, June 17, 2020

The inflation report from Canda for April was released a while ago. Annualized CPI remained negative for the second month, declining by 0.4%, against expectations of flat-lining that month. Although, that was the main lock-down month, so it was going to have a maximum impact on everyday life and every sector of the economy.

Canadian May CPI Inflation Report

May CPI YoY -0.4% vs 0.0% expected
Prior CPI YoY was -0.2%
May CPI MoM +0.3% vs +0.7% expected
CPI ex. gas +0.7% — slowest increase since 2013
Food prices +3.1% YoY
StatCan: ” This slowdown was broad-based, with travel, shelter and contract services, such as telephone services and passenger vehicle insurance premiums, all contributing.”

Core measures:

Median CPI YoY 1.9% vs 1.9% expected
Common CPI YoY 1.4% vs 1.6% expected
Trimmed mean CPI YoY 1.7% vs 1.7% expected

Details:

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Skerdian Meta

Lead Analyst

Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.