Canadian June CPI highlights:
– Prior was +0.9% y/y
– Core CPI 2.3% y/y vs +2.2% y/y expected
– CPI +0.2% m/m, as expected
– Core CPI m/m 0.0% vs -0.1% expected
A touch strong on the core but it’s basically a rounding error. There’s nothing to change the outlook on the BOC here but it might damped expectations for another move in September.
