Canada CPI slowed to 0.1% yoy in July, down from June’s 0.7% yoy, even below expectation of 0.3% yoy. CPI common slowed to 1.3% yoy, down from 1.5% yoy, missed expectation of 1.6% yoy. CPI median was unchanged at 1.9% yoy, below expectation of 2.0% yoy. CPI trimmed dropped to 1.7% yoy, down form 1.8% yoy, missed expectations.
StatCan also noted that five of the eight major components rose on 1 year-over-year basis. The slowdown in inflation spans both goods and services, most in transportation component mostly due to air transportation index.
