Canadian Inflation Jumps Higher in June
Inflation is performing quite well in Canada, as today's report for June showed
Skerdian Meta•Wednesday, July 22, 2020•1 min read
Inflation tumbled in Canada during the lock-down months, as it did across the globe. In March CPI (consumer price index) fell by 0.6%, while in April it declined by 0.7%. But, it reversed in may as the country started to re-open, increasing by 0.3%. Today’s report was expected to show a tick higher to 0.4% in June, but it beat expectations across the board, jumping 0.8% higher last month, while the YoY CPI numbers also came in better than expected.
Canada CPI for June 2020
- CPI NSA MoM for June 0.8% vs. 0.4% estimate. Last month 0.3%
- CPI YoY 0.7% vs. 0.2% estimate. Last month -0.4%
- CPI Core median YoY 1.9% vs. 1.8% estimate
- CPI Core common YoY 1.5% vs. 1.4% estimate
- CPI Core Trim YoY 1.8% vs. 1.6% estimate
- The average of the core measures is 1.6%.
This are some great numbers, considering that inflation is not really jumping in other countries after the coronavirus. The CAD is not doing much at the moment, since everything is centered round the coronavirus. But, it should catch up in the coming month, if inflation remains high.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
ABOUT THE AUTHOR
See More
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.
Related Articles
Comments
Subscribe
Login
Please login to comment
0 Comments
Oldest
Sidebar rates
Related Posts
Save
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals