Canada December PPI -1.1% vs -0.3% expected<ul><li>Prior was -0.4% (revised to -0.5%)</li><li>Prices +7.6% y/y vs +9.7% prior (revised to +9.4%)</li><li>Raw materials prices -3.1% m/m vs -0.8% prior</li></ul><p>There's some good news for the Bank of Canada here. They have a tough decision on their hands next week with the market pricing in a 33% chance of no change and the remainder at 25 bps.</p>
This article was written by Adam Button at www.forexlive.com.
Source: Canada December PPI -1.1% vs -0.3% expected (https://www.forexlive.com/news/canada-december-ppi-11-vs-03-expected-20230118/https://www.forexlive.com/news/canada-december-ppi-11-vs-03-expected-20230118/)
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