Details of the February 2016 Canadian CPI data report 18 March 2016
– 0.2% vs 0.4% exp m/m. Prior 0.2%
– BOC Core 1.9% vs 2.0% exp y/y. Prior 2.0%
– 0.5% vs 0.5% exp m/m. Prior 0.3%
Softer numbers mainly from gasoline and the currency making imports cheaper. The small shift in the core isn’t going to be too much of a worry to the BOC. Food has been one of the biggest inflation components and it was up 3.9% this month following a 4.0% gain in Jan.