Canadian Inflation Declined Again in April
Inflation remained negative in Canada for the second month in April
Skerdian Meta•Wednesday, June 17, 2020•1 min read
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
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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.
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