Canadian CPI rises more than expected

Friday, 18 November 2011 04:24

Consumer  price inflation in Canada rose more than expected last month, official data showed on Friday.

The Customer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer.

In a report, Statistics Canada said that Canadian consumer price inflation rose to a seasonally adjusted 0.2 % from 0.2% in the preceding month.

Analysts had expected Canadian consumer price inflation rise to 0.1% last month.

A higher than expected reading should be taken as positive/ bullish for the CAD, while lower the expected reading should be takes as negative/ bearish fore the CAD.