- Prior month 0.1% MoM. YoY 1.9%
- CPI MoM 0.3% vs 0.3% estimate
- CPI YoY 1.7% vs 1.8% estimate
- CPI median 3.1% vs 3.1% estimate. Prior 13.1%
- CPI Trim 3.0% versus 3.1% estimate. Prior 3.0%
- CPI Common 2.6% vs 2.6% prior
BoC Core measures:
- BoC core YoY 2.6% vs 2.7% last month
- BoC core MoM 0.1%
Details of the report:
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Gasoline prices fell 16.1% YoY in July, continuing the impact of the carbon levy removal; down 0.7% MoM on lower crude oil and higher OPEC+ supply.
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Shelter costs rose 3.0% YoY, led by rent (+5.1%) and natural gas (less negative at -7.3%); mortgage interest cost growth slowed to +4.8%.
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Grocery prices accelerated to +3.4% YoY (vs. 2.8% in June), driven by coffee (+28.6%), confectionery (+11.8%), and fruit, especially grapes (+29.7%).
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Regional highlight: Newfoundland & Labrador saw the biggest inflation acceleration, led by electricity prices (+13.9%).
This article was written by Greg Michalowski at investinglive.com.
