Today’s data in Canada showed an increase of only 0.1% in the CPI in May, below expectations. Matthieu Arseneau, analyst at the National Bank of Canada, point out they expect the trend inflation to get back to the Bank of Canada target sooner rather than later. Key Quotes: “Canada’s consumer price index rose 0.1% (m/m) in May in seasonally adjusted terms causing the year-on-year inflation rate to remain unchanged at 2.2%. This was well below consensus expectations calling for a 2.6% annual rate.” “Headline inflation was significantly below expectations in May. The rise in gasoline prices was offset by weaknesses elsewhere as shown by CPI excluding food and energy being down in the month, a first since 2012. True, some specific weaknesses could be highlighted for example car prices which registered their sharpest May drop on record. But other components also contributed to May’s weakness.” “We expect this lack of inflation to be temporary as tight labour market should continue to support wages and the weakness of the Canadian dollar combined with potential tariffs could mean stronger import prices down the road. All in all, we expect trend inflation to get back to the Bank of Canada target sooner rather than later.” 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 Ethereum Technical Analysis: ETH/USD enters free-fall mode, dropping over 12%, as Indian sparks crypto panic FX Street 5 years Today's data in Canada showed an increase of only 0.1% in the CPI in May, below expectations. Matthieu Arseneau, analyst at the National Bank of Canada, point out they expect the trend inflation to get back to the Bank of Canada target sooner rather than later. Key Quotes: "Canada's consumer price index rose 0.1% (m/m) in May in seasonally adjusted terms causing the year-on-year inflation rate to remain unchanged at 2.2%. This was well below consensus expectations calling for a 2.6% annual rate." "Headline inflation was significantly below expectations in May. The rise in gasoline prices was offset by weaknesses… 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.