CPI (MoM) Canada
Inflation to Turn Negative Again in Canada
Starts Friday, January 18, 2019 at 13:30
Updated Friday, January 18, 2019
In August and September we saw some negative numbers, showing a 0.1% decline in inflation in August and a 0.4% decline in September. Although in October, CPI inflation jumped 0.3% higher against 0.1% expected. But, inflation declined again in November by 0.4%. This month, inflation is expected to decline by 0.3% which would be the fourth decline in the last five months. Please follow us for live coverage of this event and its impact on the economic calendar by experienced analysts.
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About CPI (MoM) Canada
Canadian CPI (MoM) is a primary measurement of inflationary pressures facing the CAD. It is derived and presented by the National Statistics Bureau, a governmental entity. Canadian CPI (MoM) is a comparison of retail prices facing a typical basket of goods and services, compared on a month-over-month basis. Monetary policy decisions, trade balance, and consumer confidence are sensitive to CPI. Currency markets involving the CAD are receptive to a growing CPI, as it is a signal of inflation. As inflationary pressures grow or reside, the Bank of Canada (BOC) crafts monetary policy accordingly. High CPI values are often viewed as a precursor for tightening monetary policy toward the CAD, while low readings are conducive to a dovish tone.Canadian CPI is capable of swaying CAD valuations dramatically. Strong values lead to bullish participation for the CAD and lagging CPI facilitates bearish price action.