Track CA Median CPI y/y to gauge inflation trends influencing central bank rate decisions. Essential for Forex traders.
Consumer prices are a significant contributor to overall inflation. This inflation is crucial for currency valuation, as rising prices can prompt central banks to increase interest rates in order to fulfill their mandate for controlling inflation. This data was first released in December 2016.
What it Measures
Variation in the median prices of goods and services that consumers purchase.
Usual Effect
A result that is higher than the forecast is favorable for the currency.
Source & Frequency
Statistics Canada (latest release) - https://www.statcan.gc.ca/en/ • Published monthly, typically on the third Tuesday following the end of the month.
How Data is Derived
The average price of various goods and services are sampled and then compared to the previous sampling
Also Known As
N/A
Acronym
Consumer Price Index (CPI)