Challenges
Consumer Price Index (MoM)
Most recent - Tuesday 16 May 2023 12:30
Higher numbers than forecast tend to be bullish for CAD/xxx pairs and bearish for xxx/CAD pairs.
Next event - Wednesday 21 June 2023 12:30
The typical/expected impact on CAD pairs is medium.
There is no forecast value for Consumer Price Index (MoM) yet - check back for updates.
Trading range
Forecast history
The most recent announced value for Consumer Price Index (MoM) was 0.7% against a forecast of 0.4%.
Past events
Economic context
Recent economic data has been broadly neutral for CAD. Other recent announcements which may affect the market's interpretation of the next Consumer Price Index (MoM) result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Average Hourly Wages (YoY) | Bearish change | 5.2% | 5.1% | ||
| Net Change in Employment | Bearish change | 41.4K | -17.3K | ||
| Participation Rate | Bearish change | 65.6% | 65.5% | ||
| Unemployment Rate | Bearish change | 5% | 5.2% | ||
| BoC Interest Rate Decision | Bullish change | 4.5% | 4.75% | ||
| International Merchandise Trade | Bullish change | $0.23B | $1.94B | ||
| Ivey Purchasing Managers Index | Bullish change | 55.6 | 60.1 | ||
| Ivey Purchasing Managers Index s.a | Bearish change | 56.8 | 53.5 | ||
| S&P Global Manufacturing PMI | Bearish change | 50.2 | 49 | ||
| Gross Domestic Product (MoM) | Bearish change | 0.1% | 0% | ||
| Gross Domestic Product (QoQ) | Bullish change | 0% | 0.8% | ||
| Gross Domestic Product Annualized | Bullish change | -0.1% | 3.1% | ||
| Current Account | Bullish change | -8.05B | -6.17B |
About Consumer Price Index (MoM)
| Country: | Canada |
|---|---|
| Currency: | CAD |
| Source: | Statistics Canada |
| Category: | Inflation |
| Frequency: | Monthly |