Bank of Canada annual core-CPI eases to 1.3% in May

Eren Sengezer FXStreet

The latest Consumer Price Index Core data released by the Bank of Canada showed that the annual inflation in May eased to 1.3% in May from 1.5% in April to fall short of the market expectation of 1.4%.

On a monthly basis, inflation decreased by 0.1% following April's 0.1% increase.

Core CPI excludes fruits, vegetables, gasoline, fuel oil, natural gas, mortgage interest, intercity transportation, and tobacco products.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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