Canadian CPI inflation data for January was released today at 1:30 pm GMT. Report was expected to show a further deceleration in consumer price growth, with headline CPI expected to drop from 3.4% to 3.3% YoY.
Actual report turned out to be a huge dovish surprise. Headline inflation decelerated more than expected, from 3.4 to 2.9% YoY, while core measure decelerated from 2.6 to 2.4% YoY. On a monthly basis, headline gauge showed no change in prices while monthly core gauge ticked slightly higher.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appCanada, CPI inflation for January
- Headline (annual): 2.9% YoY vs 3.3% YoY expected (3.4% YoY previously)
- Headline (monthly): 0.0% MoM vs 0.4% MoM expected (-0.3% MoM previously)
- Core (annual): 2.4% YoY vs 2.6% YoY previously
- Core (monthly): 0.1% MoM vs -0.5% MoM previously
CAD weakened following the release, with USDCAD jumping back above 1.3500 mark. Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
