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  • Canadian CPI: Wickedly Defying Gravity

    From economics.bmo.com

    Canadian consumer prices rose 0.4% in October, bumping up the annual inflation to 2.0% from 1.6% the prior month. The back-up is no big surprise, as the combination of higher gasoline prices, a meaty annual rise in property taxes, and a tough comparable from a year ago prompted the temporary rise. Still, the report is a bit hotter than anticipated, with both of the Bank of Canada's main measures of core inflation pushing up by two ticks on a yearly basis—trim to 2.6% and median to 2.5%, with the three month paces a bit warmer still. On a seasonally adjusted basis, the report rained +0.3% m/m increases, with ... (full story)

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