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Canadian Inflation Declined Again in April
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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