Prior month 2.7%CPI m/m +0.6% vs +0.3% estimate
Core measures
CPI Bank of Canada core y/y 1.8% vs 1.6% priorCPI Bank of Canada core m/m 0.6% versus 0.2% priorCore CPI m/m SA +0.3% vs 0.0% prior Trim 2.9% versus 2.8% prior Median 2.8% versus 2.6% prior Common 2.4% versus 2.6% prior
Bank of Canada July implied rate cut odds immediately fell to 52% from 71% on the CPI data.
This article was written by Adam Button at www.forexlive.com.
