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
2.2%
Forecast
2.4%
Previous
2.4%
Canada Inflation Rate (CPI) for Oct came in at 2.2% versus 2.4% expected (previous 2.4%), below forecast, which was negative for the CAD.
What it meant for the CAD
The actual landed below the 2.4% forecast (0.2 below expectations). A reading above forecast is generally bullish for the CAD, and below forecast bearish. On this release the read was negative for the CAD.
New to this release? See what Canada Inflation Rate (CPI) measures, the next release and its full history.