Canada CPI measures how fast consumer prices are rising year-on-year, the key inflation gauge the Bank of Canada watches when setting interest rates.
Actual
1.7%
Forecast
1.7%
Previous
2.3%
Canada Inflation Rate (CPI) for Apr came in at 1.7% versus 1.7% expected (previous 2.3%), in line with forecast.
What it meant for the CAD
The actual landed in line with the 1.7% forecast. A reading above forecast is generally bullish for the CAD, and below forecast bearish.
New to this release? See what Canada Inflation Rate (CPI) measures, the next release and its full history.