Canada July CPI 2.5% versus 2.5% anticipated

• Prior was +2.7%
• CPI m/m +0.4% vs +0.4% expected
• Prior m/m -0.1%

Core measures

• CPI Bank of Canada core y/y 1.7% vs 1.9% prior
• CPI Bank of Canada core m/m +0.3% versus -0.1% prior
• Core CPI m/m SA +0.1% vs +0.1% prior
• Median 2.4% versus 2.6% prior
• Trim 2.7% versus 2.9% prior
• Common 2.2% versus 2.3% prior

USD/CAD was trading at 1.3602 just ahead of the release and rose to 1.3619 afterwards on the declines in core inflation.

This article was written by Adam Button at www.forexlive.com.