CA CPI m/m
Consumer prices account for a majority of overall inflation. Inflation is important because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate;
This is the most important inflation-related release due to its earliness and broad scope. This is among the few non-seasonally adjusted numbers reported on the calendar, as it's the calculation most commonly reported;
- CA CPI m/m Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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Jan 21, 2025 | -0.4% | -0.7% | 0.0% |
Dec 17, 2024 | 0.0% | 0.1% | 0.4% |
Nov 19, 2024 | 0.4% | 0.3% | -0.4% |
Oct 15, 2024 | -0.4% | -0.2% | -0.2% |
Sep 17, 2024 | -0.2% | 0.0% | 0.4% |
Aug 20, 2024 | 0.4% | 0.4% | -0.1% |
Jul 16, 2024 | -0.1% | 0.1% | 0.6% |
Jun 25, 2024 | 0.6% | 0.3% | 0.5% |
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- CA CPI m/m News
- From statcan.gc.ca|Jan 21, 2025
The Consumer Price Index (CPI) rose 1.8% on a year-over-year basis in December, down from a 1.9% increase in November. Food purchased from restaurants and alcoholic beverages purchased from stores contributed the most to the deceleration. The CPI excluding food rose 2.1% in December. A temporary GST/HST break on certain goods was introduced on December 14, 2024. The major components impacted by the tax break were food; alcoholic beverages, tobacco products, and recreational cannabis; recreation, education, and reading; and clothing ...
- From fxstreet.com|Jan 21, 2025
Statistics Canada is set to release its latest inflation report for December, based on the Consumer Price Index (CPI), this Tuesday. Early forecasts suggest headline inflation may have risen by 1.8% compared to the same month of the previous year. In addition to the headline figures, the Bank of Canada (BoC) will publish its core CPI data, which excludes more unpredictable items like food and energy. For context, November’s core CPI showed a 0.1% contraction compared to the previous month but showed a 1.6% increase from a year ...
- From bnnbloomberg.ca|Jan 19, 2025
Economists expect fresh data this week will reveal inflation slowed further in December, paving the way for the Bank of Canada to continue cutting interest rates. A Reuters poll shows economists expect the annual inflation rate to come in at an average of 1.7 per cent for December, down from November’s 1.9 per cent rise. But RBC sees it falling further than that — to 1.5 per cent — thanks to the federal government’s temporary GST tax holiday, as consumers spent less on a variety of items including food, restaurant meals, alcohol and ...
- From marctomarket.com|Jan 19, 2025
There were four important macro developments to note in recent days. First, the recent string of US economic data was firmer than expected and GDP looks to have expanded close to 3% in Q4. With the help of guidance by Federal Reserve Waller, who is thought to be a possible successor to Chair Powell, played up the possibility of a cut in H1, and the market implemented the guidance and has next cut nearly priced in for the June FOMC meeting. Second, guidance by Bank of Japan officials makes a rate hike at the end of the coming week ...
- From statcan.gc.ca|Dec 17, 2024
The Consumer Price Index (CPI) rose 1.9% on a year-over-year basis in November, down from a 2.0% increase in October. Slower price growth was broad-based, with prices for travel tours and the mortgage interest cost index contributing the most to the deceleration. Excluding gasoline, the all-items CPI rose 2.0% in November, following a 2.2% gain in October. Prices for food purchased from stores rose 2.6% year over year in November, down slightly from 2.7% in October. Despite the slowdown, grocery prices have remained elevated. ...
- From forexlive.com|Dec 17, 2024
The main event in the European session was the UK employment report. The data was much better than expected, especially on the wage growth side, and the GBP got a boost from that. In terms of market pricing it shouldn't change much as the BoE is widely expected to keep the Bank Rate unchanged this week. In the American session, the Canadian CPI and the US Retail Sales will take the spotlight. The Canadian CPI Y/Y is expected at 2.0% vs. 2.0% prior, while the M/M figure is seen at 0.1% vs. 0.4% prior. The Trimmed-Mean CPI Y/Y is ...
- From statcan.gc.ca|Nov 19, 2024
The Consumer Price Index (CPI) rose 2.0% on a year-over-year basis in October, up from a 1.6% increase in September, as gasoline prices fell to a lesser extent in October (-4.0%) compared with September (-10.7%). The all-items CPI excluding gasoline rose 2.2% in October, the same growth rate as in August and September. Prices for goods rose 0.1% on a year-over-year basis in October, following a 1.0% decline in September. In contrast, prices for services decelerated in October, rising 3.6%, the smallest yearly increase since January ...
- From bnnbloomberg.ca|Nov 19, 2024
Statistics Canada is expected to release its October consumer price index report this morning. Economists polled by Reuters expect the annual inflation rate rose to 1.9 per cent last month, according to LSEG Data & Analytics. After a period of sharp price growth, Canada’s inflation rate dipped below the Bank of Canada’s two per cent target in September for the first time in more than three years, reaching 1.6 per cent. The central bank delivered a half-percentage point interest rate cut last month in response to inflation falling to ...
Released on Jan 21, 2025 |
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Released on Dec 17, 2024 |
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Released on Nov 19, 2024 |
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