{"id":438034,"date":"2026-09-14T20:00:08","date_gmt":"2026-09-14T13:00:08","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/canada-august-cpi-3-0-y-y-vs-3-0-expected-438034\/"},"modified":"2026-09-14T20:00:08","modified_gmt":"2026-09-14T13:00:08","slug":"canada-august-cpi-3-0-y-y-vs-3-0-expected","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/canada-august-cpi-3-0-y-y-vs-3-0-expected-438034\/","title":{"rendered":"Canada August CPI 3.0% y\/y vs 3.0% expected"},"content":{"rendered":"<div>\n<ul>\n<li>Prior was 3.0%<\/li>\n<li>CPY -0.1% m\/m vs 0.0% expected<\/li>\n<li>BOC core 2.4% y\/y vs 2.3%\u00a0<\/li>\n<li>BOC core +0.1% m\/m vs 0.2%<\/li>\n<li>CPI median 2.0% vs 2.0% expected (prior was 2.0%)<\/li>\n<li>CPI trim 1.9% vs 1.9% expected (prior was 1.9%)<\/li>\n<li>CPI common 2.6% vs 2.7% prior<\/li>\n<\/ul>\n<p>The numbers are generally in line with estimates but a touch lighter at the margin. The problem right now is that gasoline prices have risen materially in September and that&#8217;s despite being supressed by a 10c\/litre federal gasoline tax holiday that&#8217;s been extended through year end.<\/p>\n<p>The Canadian dollar\u00a0dropped on the release as the market sees a diminished chance of a Bank of Canada rate hike in October. Ahead of the report, the pricing was at 58% and that&#8217;s nudged lower in thin trading.<\/p>\n<p>Separately, the July manufacturing sales report was also soft at -0.4% vs -0.2% expected. Some of that can be explained by revisions that showed June data bumped to +0.3% from +0.1%.<\/p>\n<p>                            This article was written by Adam Button at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Prior was 3.0% CPY -0.1% m\/m vs 0.0% expected BOC core 2.4% y\/y vs 2.3%\u00a0 BOC core +0.1% m\/m vs 0.2% CPI median 2.0% vs 2.0% expected (prior was 2.0%) CPI trim&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-438034","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/438034","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=438034"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/438034\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=438034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=438034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=438034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}