CPI (MoM) Canada

Inflation has been softening in Canada in the last two years. In January, CPI increased by 0.3%, while in February it increased by 0.4%, which seemed promising, but it fell by 0.6% in March and again by 0.7% in April. CPI increased by 0.3% in May, while in June it Jumped to 0.8%, as the country reopened. Although it fell flat at 0.0% in July and core CPI declined by 0.1%, while in August and the September headline CPI also declined by 0.1% Inflation has remained soft since then and in December it came at -0.2%, but increased by 0.6% in January and increased by 0.5% in February and continued at that pace until May, but in June CPI came at 0.3%. In July we saw a 0.6% increase and a 0.2% increase in August. In September we saw a slowdown to 0.1% but October came at 0.7%, although December came at -0.7%. In May inflation fell to 3.4% while in June slowed again to 2.8%. In October we saw a 0.1% number in the headline CPI MoM, but this month the CPI is expected to decline by 0.2%. Please follow us for live coverage of this event by experienced analysts.