Canadian August 2020 client value index highlights

Canada CPI
  • Prior was -0.1%
  • Providers +0.5% y/y
  • Items -0.2% y/y
  • CPI -0.1% m/m vs +0.1% anticipated
  • Prior m/m 0.0%

Core measures:

  • Median 1.9% vs 1.9% exp (prior 2.1%)
  • Widespread 1.5% vs 1.4% exp (prior 1.9%)
  • Trim 1.7% vs 1.8% exp (prior 2.1%)

Fuel costs had been down 11.1% y/y and that was the primary drag on the headline. Core measures had been typically in keeping with the consensus. Notable will increase had been in private providers, which had been pushed by greater haircut costs and jewelry costs due to gold. Air transport costs and resort lodging stay huge drags at -16.0% y/y and -25.4% y/y, respectively.