Nathan Janzen, senior economist at Royal Bank of Canada, notes that the Canada’s headline inflation rose 0.5% m/m in July and 2.0% y/y. Key Quotes “A surge in July airfares (a 14% increase from June) was to blame for a big chunk of what was a stronger-than-expected month-over-month headline price increase. But airfares jumped a similar amount last year in July as well. The gains have more to do with a new methodology for the component implemented more than a year ago than an underlying change in price growth.” “Looking through monthly wiggles, underlying inflation trends still look pretty solidly anchored around the Bank of Canada’s 2% target rate. The headline index was up 2.0% year-over-year. Excluding food & energy products, prices were up 2.2% from a year ago. Probably most importantly for future Bank of Canada policy decisions, the central bank’s preferred ‘core’ measures averaged 2.0% once again – extending the tight 1.9%-2.1% range since February 2018 for another month.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD finds support ahead of 1.21, recovers toward 1.2150 FX Street 4 years Nathan Janzen, senior economist at Royal Bank of Canada, notes that the Canada's headline inflation rose 0.5% m/m in July and 2.0% y/y. Key Quotes "A surge in July airfares (a 14% increase from June) was to blame for a big chunk of what was a stronger-than-expected month-over-month headline price increase. But airfares jumped a similar amount last year in July as well. The gains have more to do with a new methodology for the component implemented more than a year ago than an underlying change in price growth." "Looking through monthly wiggles, underlying inflation trends still look… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
