Don Curren 🇨🇦🇺🇦1 CIBC: Headline #CPI accelerated in Apr as #gasoline #prices surged, but the jump wasn't as high as expected and core measures of #inflation remained muted, supporting the current wait-and-see stance of the #BankofCanada; 0.4% m/m rise (+0.3% SA) was 3 ticks below consensus forecast. 🧵
#cdnecon
2 CIBC: While the annual rate accelerated to 2.8%, it didn't breach the 3% mark as expected (consensus 3.1%). Higher #energy #prices, particularly #gasoline, drove the headline acceleration, but #pricepressures were generally much tamer elsewhere.
#CPI #inflation #cdnecon