Canada October CPI inflation 2.2% y/y vs 2.1% expected

• Prior was +2.4%
• CPI m/m +0.2% vs +0.2% expected (prior +0.1%)

Core measures

• CPI Bank of Canada core y/y 2.9% vs 2.8% prior
• CPI Bank of Canada core m/m +0.3% vs +0.3% prior
• Core CPI m/m SA +0.3% vs +0.3% prior
• Trim 3.0% versus 3.0% expected (prior was 3.1%)
• Median 2.9% versus 3.1% expected (prior was 3.2%)
• Common 2.7% versus 2.7% prior

The Bank of Canada moved to the sidelines after the latest cut and you can see why.

This article was written by Adam Button at investinglive.com.