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
1.9%
Forecast
1.5%
Previous
1.7%
Canada Inflation Rate (CPI) for Jun came in at 1.9% versus 1.5% expected (previous 1.7%), above forecast, which was positive for the CAD.
What it meant for the CAD
The actual landed above the 1.5% forecast (0.4 above expectations). A reading above forecast is generally bullish for the CAD, and below forecast bearish. On this release the read was positive for the CAD.
New to this release? See what Canada Inflation Rate (CPI) measures, the next release and its full history.