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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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% |
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% |
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- CA CPI m/m News
There has been a lot of baseless on– and off-speculation around the Bank of Canada’s next move but it needed data to justify a call. We now have that. The Bank of Canada is likely to cut 50bps next Wednesday on the heels of a report that shows that the Bank’s preferred core measures are on target. That was our instant reaction with our traders and clients seconds after seeing the core gauges. There is still the risk that the BoC—that has surprised markets many times in the past—could opt for –25bps, but the hurdle to doing so is set ...
The Consumer Price Index (CPI) rose 1.6% on a year-over-year basis in September, down from a 2.0% gain in August. This was the smallest yearly increase since February 2021 (+1.1%). The main contributor to headline deceleration was lower year-over-year prices for gasoline in September (-10.7%) compared with August (-5.1%). The all-items CPI excluding gasoline rose 2.2% in September, matching the increase in August for this measure. Although the rate at which prices are increasing has slowed, price levels remain elevated. Compared with ...
Remember: September is the most challenging month of the year for equities. In the past 25 years, the S&P 500 has declined 14 times in September, with an average performance of a sickly -1.7%, and is currently on a four-year losing streak for the month. The TSX has done it one better, falling in 15 of the past 25 Septembers, with an average price change of -1.8% for the month. This year, after seemingly sticking to that historical script for the first week, stocks have since gone rogue, with many major averages charging to an ...
The Consumer Price Index (CPI) rose 2.0% on a year-over-year basis in August, increasing at the slowest pace since February 2021, and down from a 2.5% gain in July 2024. The deceleration in headline inflation in August was due, in part, to lower prices for gasoline, due to a combination of lower prices and a base-year effect. Excluding gasoline, the CPI rose 2.2% in August, down from 2.5% in July. Mortgage interest cost and rent remained the largest contributors to the increase in the CPI in August. On a monthly basis, the CPI fell ...
Statistics Canada is set to release inflation numbers for August on Tuesday morning and most economists believe the annual rate likely dropped significantly, pushed by lower gasoline prices. The biggest question? Whether the drop is significant enough to push the Bank of Canada into a half percentage point rate cut at its next meeting in October. A consensus of economists surveyed by Bloomberg believe the annual rate of inflation — as measured by the Consumer Price Index — fell to 2.1 per cent in August, down from 2.5 per cent in ...
The Consumer Price Index (CPI) rose 2.5% on a year-over-year basis in July, increasing at the slowest pace since March 2021 and down from a 2.7% gain in June 2024. Deceleration in headline inflation was broad-based, stemming from lower prices for travel tours, passenger vehicles and electricity. On a monthly basis, the CPI rose 0.4% in July, after falling 0.1% in June. Gasoline prices increased month over month in July (+2.4%), putting upward pressure on the monthly CPI figure. On a seasonally adjusted monthly basis, the CPI rose ...
Canada is poised to release the latest inflation figures on Tuesday, with Statistics Canada publishing the Consumer Price Index (CPI) data for July. Forecasts suggest the continuation of disinflationary trends in the headline CPI, while another uptick in the core reading, as it happened in June, could add some volatility to the release. Alongside the CPI data, the Bank of Canada (BoC) will also unveil its core Consumer Price Index, which excludes volatile components like food and energy. In June, the BoC core CPI recorded a 0.1% drop ...
This is a truncated version of the Global Week Ahead given that I was on vacation. It will highlight expected developments by region sans any special topics. US - Powell's Speech to be Key: The Kansas City Federal Reserve’s annual Jackson Hole Economic Policy Symposium will stand out as the week’s major focal point. This year’s theme is “Reassessing the Effectiveness and Transmission of Monetary Policy.” The agenda, including the full list of presenters, will be released on Thursday evening and then two days of presentations will ...
Released on Oct 15, 2024 |
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Released on Sep 17, 2024 |
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Released on Aug 20, 2024 |
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