Canada: Core inflation falls more than expected in December

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  • Inflation slows in December more than expected.
  • The loonie without major changes after the report.

The data from inflation december in Canada showed figures, in general, lower than the market consensus. The Consumer’s price index (CPI) had a drop of 0.6% in December, greater than the expected drop of 0.5%. The annual rate went from 6.8% to 6.3%, the lowest level since the first quarter.

The Bank of Canada Core CPI had a fall of 0.3% in December, while an increase of 0.1% was expected. The annual rate went from 5.8% to 5.4%, against an expected rise to 6.1%.

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USD/CAD fell towards the 1.3400 zone after the data, showing little change. At the same time, the collapse of the Empire Manufacturing Index on December activity in the New York region was known.

Source: Fx Street

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