- By MNI’s calculations looking at 185 items in the CPI basket, the share seeing inflation in excess of 3% Y/Y fell further from 42% to 37% in March.
- It’s still above the 28% averaged pre-pandemic but is down from 55% at the end of last year and a peak of 80% in Sep’22.
- Breaking down by sector, services are still showing more persistence than goods in terms of outright levels, which will remain of concern for the BoC, but both saw improvements in March.
- Goods fell 5pps to 32% (2010-19 av 26%) and services fell 4pps to 50% (2010-19av 31%).
CANADA DATA: Further Improvement In Inflation Dispersion Metrics
Last updated at:Apr-16 13:01By: Chris Harrison
- By MNI’s calculations looking at 185 items in the CPI basket, the share seeing inflation in excess of 3% Y/Y fell further from 42% to 37% in March.
- It’s still above the 28% averaged pre-pandemic but is down from 55% at the end of last year and a peak of 80% in Sep’22.
- Breaking down by sector, services are still showing more persistence than goods in terms of outright levels, which will remain of concern for the BoC, but both saw improvements in March.
- Goods fell 5pps to 32% (2010-19 av 26%) and services fell 4pps to 50% (2010-19av 31%).
