CAD CPI (M/M)
The Consumer Price Index, released by the Statistics Canada,measures the change in the price of goods and services from the perspective of the consumer. It is the most important indicator of inflation in Canada. An increase of CPI can stimulate the central bank to raise interest rates in order to manage inflation and slow economic growth. Large rises in CPI in a short period of time indicates periods of inflation and large decreases in CPI during a short period of time usually mark periods of deflation.