Fiper | Consumer Price Index 20/9/2022

This indicator is derived from the Consumer Price Index, and measures the change in the prices of goods and services excluding foodstuffs and energy.
The Consumer Price Index measures the change in prices from the point of view of the consumer
It is a primary way to measure changes in purchasing trends and inflation rates in Canada

Canada's annual inflation rate was 7.6% in July 2022, down from a 39-year high of 8.1% the previous month and in line with market estimates. Transportation costs grew at a much slower pace (14.4% vs. 16.8% in June), amid a sharp decline in gasoline (35.6% vs. 54.6%). Also, inflation was lower for shelter (7% vs. 7.1%), household operations, furnishings, and equipment (5% vs. 5.6%), and clothing and footwear (1.4% vs. 2.7%). Meanwhile, inflation continued to rise in food prices (9.2% vs. 8.8%), weighed down by groceries (9.9% vs. 9.4%), while entertainment costs remained stagnant (at 6.2%). Excluding gasoline, the CPI rose 6.6% annually. On a monthly basis, consumer prices rose 0.1%, the slowest rise since December 2021

Forecasts for today's data and how it affects the currency

Consumer price index 7.3%

Core consumer price index -0.1%

If the statement is issued below expectations, it will affect the currency in a negative way, but if the statement is issued at a rate higher than expected, it will affect the currency in a positive way.