CPI (MoM) Canada
Canadian Inflation Jumps Unexpectedly
Starts Tuesday, December 18, 2018 at 17:04
Updated Monday, December 17, 2018
The CPI (consumer price index) has been positive in Canada during most of this year, showing that inflation has been growing. But in August and September we saw some negative numbers, showing a 0.1% decline in August and a 0.4% in September. Although, in October CPI inflation jumped 0.3% higher against 0.1% expected. This month we will get the CPI numbers from November. 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.