- Prior was +2.7%
- PPI y/y +5.4% vs +5.4% prior
- Raw materials price index +0.6% m/m vs +7.7% prior
- Raw materials price index +8.6% y/y vs +8.0% prior
Normally, the Bank of Canada would give a lower reading like this some attention but with energy prices spiking, that won’t be the case this year and instead they will wait for March data and to see what will happen with the war.
This article was written by Adam Button at investinglive.com.