Canada CPI Misses Forecasts at 2.8% in April, Core Inflation Pressures Ease
Canada’s inflation rate accelerated in April as rising gasoline prices pushed headline CPI higher, but softer core inflation measures suggest underlying price pressures remain more contained than feared. CPI rose 0.4% mom in April, below expectations of 0.7% m
Canada’s inflation rate accelerated in April as rising gasoline prices pushed headline CPI higher, but softer core inflation measures suggest underlying price pressures remain more contained than feared. CPI rose 0.4% mom in April, below expectations of 0.7% mom, while annual inflation increased from 2.4% yoy to 2.8% yoy, undershooting the expected 3.1% yoy. Energy […] The post Canada CPI Misses Forecasts at 2.8% in April, Core Inflation Pressures Ease appeared first on ActionForex.