Canada’s headline CPI was unchanged at 1.7% yoy in May, matching expectations. Excluding energy, inflation eased from 2.9% yoy to 2.7% yoy. On a monthly basis, however, CPI rose 0.6% mom, slightly above expectations of 0.5% mom. Core measures offered a mixed signal. CPI median and trimmed both softened from 3.1% yoy to 3.0% yoy, […]
The post Canada’s CPI steady at 1.7% in May, but underlying pressures linger appeared first on Action Forex.
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