Canada CPI accelerated from 7.7% yoy to 6.8% yoy in May, above expectation of 7.5% yoy. That’s the highest reading since January 1983. The monthly rise 1.4% mom was the fastest since introduction of the series in 1992. Excluding gasoline, CPI rose 6.3% yoy, up from April’s 5.8% yoy.
CPI common rose from 3.5% yoy to 3.9% yoy, above expectation of 3.4% yoy. CPI median rose from 4.6% yoy to 4.9% yoy, above expectation of 4.7% yoy. CPI trimmed rose from 5.2% yoy to 5.4% yoy, matched expectations.
