What is it? It checks the change in the price of goods and services purchased by consumers, excluding the 8 most volatile items.
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.
When? May 22nd at 8:30pm Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the CAD to rise.
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