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CPI (MoM) Canada

Bank of Canada
Event Date: Wednesday, December 15, 2021
Event Time: 13:30 CET

Inflation Increasing in Canada As Well

Updated Wednesday, December 15, 2021
EVENT ENDED
Inflation has been softening in Canada in the last two years. In January, CPI increased by 0.3%, while in February it increased by 0.4%, which seemed promising, but it fell by 0.6% in March and again by 0.7% in April. CPI increased by 0.3% in May, while in June it Jumped to 0.8%, as the country reopened. Although it fell flat at 0.0% in July and core CPI declined by 0.1%, while in August and September headline CPI also declined by 0.1% Inflation has remained soft since then and in December it came at -0.2%, but increased by 0.6% in January and increased by 0.5% in February and continued at that pace until May, but in June CPI came at 0.3%. In July we saw a 0.6% increase and a 0.2% increase in August. October stood at 0.7%, so inflation is growing in Canada too. Please follow us for live coverage of this event 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.
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gtotkay@gmail.com
gtotkay@gmail.com
3 years ago

hy this news up or down?

Skerdian Meta
Editor
3 years ago

Well, down obviously since inflation declined once again. Albeit, the decline was smaller than expected.

Moses
2 years ago

Hi there is any website analaysing exactly that whether the news will be negative or positive.

gtotkay@gmail.com
gtotkay@gmail.com
2 years ago

up or down?

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