CA Trimmed CPI y/y
Monitor CA Trimmed CPI y/y to gauge inflation trends influencing Bank of Canada's rate decisions.
Overview
Consumer prices are a significant component of overall inflation. Inflation impacts currency value, as increasing prices typically prompt central banks to raise interest rates to fulfill their mandate of controlling inflation. This information was first published in December 2016.
Key Information
What it Measures
It reflects the change in the prices of goods and services purchased by consumers, excluding the most volatile 40% of items.
Usual Effect
'Actual' results exceeding 'Forecast' are favorable for the currency.
Source & Frequency
Statistics Canada (latest release) - https://www.statcan.gc.ca/en/ • Data is released 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)