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Consumer Price Index (MoM)

The Consumer Price Index (CPI) released by the Statistics Canada is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of CAD is dragged down by inflation. The Bank of Canada aims at an inflation range (1%-3%). Generally speaking, a high reading is seen as anticipatory of a rate hike and is positive (or bullish) for the CAD.

Most recent - Tuesday 16 May 2023 12:30

Previous
0.5%
Forecast
0.4%
Actual
0.7%

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

Previous
0.7%
Forecast
-
Actual
-

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

Date
Forecast
Actual
Tuesday 16 May 2023 12:30
0.4%
0.7%
Tuesday 18 April 2023 12:30
0.5%
0.5%
Tuesday 21 March 2023 12:30
0.6%
0.4%
Tuesday 21 February 2023 13:30
0.7%
0.5%
Tuesday 17 January 2023 13:30
-0.5%
-0.6%
Wednesday 21 December 2022 13:30
0%
0.1%
Wednesday 16 November 2022 13:30
0.7%
0.7%
Wednesday 19 October 2022 12:30
0%
0.1%
Tuesday 20 September 2022 12:30
-0.1%
-0.3%
Tuesday 16 August 2022 12:30
0.1%
0.1%
Wednesday 20 July 2022 12:30
0.9%
0.7%
Wednesday 22 June 2022 12:30
1%
1.4%
Wednesday 18 May 2022 12:30
0.5%
0.6%
Wednesday 20 April 2022 12:30
1%
1.4%
Wednesday 16 March 2022 12:30
0.9%
1%
Wednesday 16 February 2022 13:30
0.6%
0.9%
Wednesday 19 January 2022 13:30
-0.1%
-0.1%
Wednesday 15 December 2021 13:30
0.2%
0.2%
Wednesday 17 November 2021 13:30
0.7%
0.7%
Wednesday 20 October 2021 12:30
0.1%
0.2%
Wednesday 15 September 2021 12:30
0.1%
0.2%
Wednesday 18 August 2021 12:30
0.3%
0.6%
Wednesday 28 July 2021 12:30
0.4%
0.3%
Wednesday 16 June 2021 12:30
0.4%
0.5%
Wednesday 19 May 2021 12:30
0.4%
0.5%
Wednesday 21 April 2021 12:30
0.6%
0.5%
Wednesday 17 March 2021 12:30
0.7%
0.5%
Wednesday 17 February 2021 13:30
0.4%
0.6%
Wednesday 20 January 2021 13:30
0%
-0.2%
Wednesday 16 December 2020 13:30
0%
0.1%
Wednesday 18 November 2020 13:30
0.2%
0.4%
Wednesday 21 October 2020 12:30
-0.1%
-0.1%
Wednesday 16 September 2020 12:30
0.1%
-0.1%
Wednesday 19 August 2020 12:30
0.4%
0%
Wednesday 22 July 2020 12:30
0.4%
0.8%
Wednesday 17 June 2020 12:30
0.7%
0.3%

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:

PreviousLatest
Average Hourly Wages (YoY)Bearish change5.2%5.1%
Net Change in EmploymentBearish change41.4K-17.3K
Participation RateBearish change65.6%65.5%
Unemployment RateBearish change5%5.2%
BoC Interest Rate DecisionBullish change4.5%4.75%
International Merchandise TradeBullish change$0.23B$1.94B
Ivey Purchasing Managers IndexBullish change55.660.1
Ivey Purchasing Managers Index s.aBearish change56.853.5
S&P Global Manufacturing PMIBearish change50.249
Gross Domestic Product (MoM)Bearish change0.1%0%
Gross Domestic Product (QoQ)Bullish change0%0.8%
Gross Domestic Product AnnualizedBullish change-0.1%3.1%
Current AccountBullish change-8.05B-6.17B

About Consumer Price Index (MoM)

Country:Canada
Currency:CAD
Source:Statistics Canada
Category:Inflation
Frequency:Monthly

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