Investing.com – Canadian inflation rose in line with forecasts in April, according to official data released on Friday.
According to the report from Statistics Canada, April consumer price inflation (CPI) rose 0.3% from the previous month, in line with the consensus forecast and below March’s 0.6% rise.
Year-on-year, CPI advanced 1.7%, in line with forecasts and compared to April’s reading of 1.3%.
Core inflation, which excludes food and energy, rose 0.2% from the prior month, compared to the forecast for a 0.1% gain and March’s reading of a 0.7% increase.
Year-on-year, core CPI increased by 2.2%, compared to the forecast for a 2.0% gain and March’s 2.1% increase.
After the report, which was released simultaneously with Canadian retail sales, USD/CAD traded at 1.3107, compared to 1.3098 prior to the release.