CPI Median (YoY)

Canada CPI Median, released by Statistics Canada on a monthly basis, is a print of core inflation that measures the price change located at the 50th percentile (in terms of the CPI basket weights) of the distribution of price changes in a given month. This measure helps filter out extreme price movements specific to certain components. Along with CPI Common and CPI Trimmed Mean, it helps the Bank of Canada judge whether price pressures are broad-based across the economy rather than temporary or narrowly focused. Generally, a high reading is seen as bullish for the Canadian Dollar (CAD), while a low reading is seen as bearish.