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Bank of Canada

CPI (MoM) Canada

A Dive After a Jump in Prices

Starts Wednesday, October 17, 2018 at 03:00
Updated Monday, October 15, 2018
The CPI (consumer price index) has gown by around 0.3% in March and April, but the growth rate fell to just 0.1% in May and June. In July though, the CPI by 0.5%. That was a bit of a surprise and it gave support to the Canadian Dollar that day.  But, we saw a sudden turnaround in inflation in August as it declined by 0.1%. 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.
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