Canada CPI for September 0.1% vs 0.0% estimate

• Prior Month MoM -0.1%, YoY 1.9%
• CPI MoM 0.1% vs 0.0% estimate
• CPI YoY 2.4% vs 2.3% estimate.
• CPI Median YoY 3.2% vs 3.0% estimate. Prior month 3.1% revised to 3.2%
• CPI Trim YoY 3.1% vs 3.0% estimate. Prior month 3.0%
• CPI common 2.7% versus 2.5% last month
• CPI BoC Core 2.8% versus 2.6% last month
• CPI BoC Core MoM 0.2% versus 0.0% last month.

Some details:

• Prices for gasoline fell 4.1% year over year in September after a 12.7% decrease in August.
• On a year-over-year basis, prices for travel tours fell 1.3% in September following a 9.3% decline in August. Despite typically declining on a month-over-month basis in September, travel tour prices rose 4.6% in the month.
• Consumers paid 4.0% more year over year for food purchased from stores in September, following a 3.5% increase in August. Faster price growth was driven by increased prices for fresh vegetables (+1.9% in September, compared with -2.0% in August) and sugar and confectionery (+9.2% in September, compared with +5.8% in August).
• Following a year-over-year increase of 1.7% in August, the clothing and footwear index rose 0.8% in September.

The pricing for October now shows 19 basis points of cuts which is down from 21 basis points prior to the release.

For the end of year the current expectations is for 25 basis points of cut down from 28 basis points prior to the release.

This article was written by Greg Michalowski at investinglive.com.