Consumer Price Index - Core (MoM)

The core Consumer Price Index, released by Statistics Canada on a monthly basis, represents changes in prices for Canadian consumers by comparing the cost of a fixed basket of goods and services. The core CPI excludes the more-volatile food and energy categories and it is considered a measure of underlying inflation. The MoM figure compares the prices of goods in the reference month to the previous month. Generally, a high reading is seen as bullish for the Canadian Dollar (CAD), while a low reading is seen as bearish.