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1.75%
1.50%
Forecast = Good for currency;
Frequency Released monthly, about 20 days after the month ends;
FF Notes Volatile items account for about a quarter of CPI but they tend to be very volatile and distort the underlying trend. The Bank of Canada pays most attention to the Core data - so do traders. This is among the few non-seasonally adjusted numbers reported on the calendar, as it's the calculation most commonly reported;
Why Traders
Care Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate;
Also Called Bank of Canada Core CPI, CPI Ex Volatile Items;
Acro Expand Consumer Price Index (CPI);