Details of the November 2015 Canadian CPI data report 18 December 2015
– -0.1% vs +0.1% exp m/m. Prior +0.1%
– BOC core 2.0% vs 2.3% exp. Prior 2.1%
– -0.3% vs 0.0% exp m/m. Prior 0.3%
Don’t be fooled by the miss on expectations. CPI still rose 4pp from Oct y/y. The core miss takes some shine off but it’s still around the BOC target, if they choose to spin things that way