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 |
---|---|---|---|
Jun 25, 2024 | 0.6% | 0.3% | 0.5% |
May 21, 2024 | 0.5% | 0.5% | 0.6% |
Apr 16, 2024 | 0.6% | 0.7% | 0.3% |
Mar 19, 2024 | 0.3% | 0.6% | 0.0% |
Feb 20, 2024 | 0.0% | 0.4% | -0.3% |
Jan 16, 2024 | -0.3% | -0.3% | 0.1% |
Dec 19, 2023 | 0.1% | -0.1% | 0.1% |
Nov 21, 2023 | 0.1% | 0.1% | -0.1% |
-
- CA CPI m/m News
- From statcan.gc.ca|Jun 25, 2024|2 comments
The Consumer Price Index (CPI) rose 2.9% on a year-over-year basis in May, up from a 2.7% gain in April. Acceleration in the headline CPI was largely due to higher prices for services, which rose 4.6% in May following a 4.2% increase in April. Faster price growth for services was led by cellular services, travel tours, rent and air transportation. Prices for goods (+1.0%) grew at the same rate as in April. On a monthly basis, the CPI rose 0.6% in May, largely stemming from an increase in travel tours. On a seasonally adjusted monthly ...
- From fxstreet.com|Jun 25, 2024|1 comment
Statistics Canada is set to release the top-tier Consumer Price Index (CPI) data for May on Tuesday at 12:30 GMT. The timing of the Bank of Canada’s (BoC) next interest rate cut will depend on the CPI inflation data, significantly impacting the market’s pricing and the value of the Canadian Dollar. What to expect from Canada’s inflation rate? The Canadian CPI is expected to rise at an annual rate of 2.6% in May, a tad slower than a 2.7% increase in April. On a monthly basis, the CPI inflation is seen easing to 0.3% in the same period ...
- From xm.com|Jun 21, 2024
Although the Fed’s updated dot plot pointed to only one quarter-point reduction by the end of the year, the softer-than-expected CPI numbers a few hours ahead of last week’s decision did not convince market participants about officials’ intentions. The weaker-than-expected retail sales numbers this week corroborated that view. Indeed, according to Fed funds futures, investors are penciling in around 50bps worth of reductions by the end of the year, assigning around a 70% probability for the first cut to be delivered in September.With ...
- From scotiabank.com|May 21, 2024
Make that four soft readings in a row! The key question is whether that’s enough to prompt the BoC to cut as soon as two weeks from now on June 5th or whether patience while seeking more data and other arguments to holding off will dominate. There remains a stronger case to cut in Q3/July than June in my opinion and for treading very carefully afterward. Key is that the BoC’s preferred core inflation readings put in another soft month (chart 1). Weighted median CPI was up 1.72% m/m at a seasonally adjusted and annualized rate (SAAR) ...
- From ca.finance.yahoo.com|May 21, 2024
Canada’s annual inflation rate slowed to 2.7 per cent in April and measures of core inflation also eased, Statistics Canada said on Tuesday, increasing the odds that the Bank of Canada will start cutting interest rates in June. In its scheduled release of the Consumer Price Index (CPI) Tuesday, Statistics Canada said that the deceleration was driven by slower growth in prices for food, services and durable goods. The slowdown was moderated by rising gasoline prices, which increased 6.1 per cent in April compared to a 4.5 per cent ...
- From statcan.gc.ca|May 21, 2024|1 comment
The Consumer Price Index (CPI) rose 2.7% on a year-over-year basis in April, down from a 2.9% gain in March. Broad-based deceleration in the headline CPI was led by food prices, services and durable goods. The deceleration in the CPI was moderated by gasoline prices, which rose at a faster pace in April (+6.1%) than in March (+4.5%). Excluding gasoline, the all-items CPI slowed to a 2.5% year-over-year increase, down from a 2.8% gain in March. On a monthly basis, the CPI rose 0.5% in April, mainly driven by prices for gasoline. On a ...
- From globalnews.ca|May 21, 2024|2 comments
Statistics Canada is set to release its April consumer price index report Tuesday morning. Economists expect Canada’s annual inflation rate fell slightly last month from 2.9 per cent in March. RBC is forecasting prices were 2.7 per cent higher in April compared with a year ago.The Bank of Canada will have a close eye on Tuesday’s report as it gears up for its interest rate decision on June 5. Financial markets are leaning toward a July rate cut, but economists say new inflation figures will help solidify expectations. The Bank of ...
- From statcan.gc.ca|Apr 16, 2024
The Consumer Price Index (CPI) rose 2.9% on a year-over-year basis in March, up from a 2.8% gain in February. Gasoline prices contributed the most to the year-over-year headline acceleration, as prices at the pump rose faster in March compared with February. Excluding gasoline, the all-items CPI slowed to a 2.8% year-over-year increase, down from a 2.9% gain in February. Shelter prices continued to apply upward pressure in March, with the mortgage interest cost and rent indexes contributing the most to the year-over-year gain in the ...
Released on Jun 25, 2024 |
---|
Released on May 21, 2024 |
---|
Released on Apr 16, 2024 |
---|
- Details