Canada July CPI 2.0% vs +1.7% y/y expected

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Canadian July CPI

  • Prior was +2.0%
  • Services +2.4% y/y
  • Goods +1.3% y/y
  • CPI +0.5% m/m vs +0.2% expected
  • Prior m/m -0.2%
  • Full report
Core measures:

  • Median 2.1% vs 2.1% exp (prior 2.2%)
  • Common 1.9% vs 1.8% exp (prior 1.8%)
  • Trim 2.1% vs 2.0% exp (prior 2.1%)

Forget about that September rate cut. There was a 42% jump in digital devices, which includes cell phones and tablets.

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