What the Next Consumer Price Report Means for Canadian Investors
The next consumer price report is set to be released this week, and it will have significant implications for the market and Canadian investors.
The Consumer Price Index (CPI) tracks the cost of everyday essentials like housing, food, and transportation over time for Canadians, serving as a key measure for inflation and a signal for policy shifts on interest rates.
The last CPI update, released in September, reported that food inflation was at 3.4% year over year, while core inflation was at 2.6% year over year, indicating that inflation was easing but still above the Bank of Canada's 2% target.
This suggests that policy adjustments may be forthcoming, both this week and later this year.
Author's summary: Next CPI report to impact Canadian investors.