Canada Consumer Price Index y/y shows the change in prices of a fixed basket of goods and services from the consumer perspective, in the reported month compared to the same month of the previous year. The basket contains goods of unchanging quality and quantity, so the index purely measures changes in consumer prices.
The chart of the entire available history of the "Canada Consumer Price Index (CPI) y/y" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.