Canada CPI 3.1% but 2.2% ex-gasoline: one item is ~0.9 pts, ~29% of headline, yet markets price ~84% hike odds
Statistics Canada said Monday that inflation rose to 3.1% in September, led by gasoline up 27.8% from a year ago. Traders now price ~84% odds of a Bank of Canada hike Oct 28.
Ex gasoline, CPI is 2.2%. So ~0.9 points, about 29% of the headline, is one item. Ex food and energy it's 2.1%. A hike here fights oil with mortgage rates.
https://www150.statcan.gc.ca/n1/daily-quotidien/261019/dq261019a-eng.htm
Sources: @RichardDias_CFA: The odds of a Bank of Canada rate hike on October 28th have jumped to 84% · @DeItaone: Canada inflation rises to 3.1%, below 3.2% forecast, but core pressures ease
Not financial advice. For informational and educational purposes only.
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