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Scotiabank Economics Research Hub
Explore in-depth economic analysis and market insights curated by Scotiabank Economics. This hub features 2 recent research reports covering critical trends, including US core services inflation and Canada's emerging economic landscape.
2 reports available
Canada Slowly Emerging From Core Inflation Softness
Canadian April CPI undershot expectations at 2.8% y/y, though core measures are slowly rising from previous lows. The headline weakness was driven by a questionable drop in travel service prices that offset accelerating core goods inflation.
US Core Services Inflation Lit Up in April
US core CPI for April came in hot at 0.4% m/m, driven by an 'explosive' 5.5% SAAR increase in core services excluding shelter. While shelter costs rose due to statistical factors, the broad-based heat in services inflation remains a major concern for markets and the Fed.
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