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Core Inflation Rate YoY

Name: Core Inflation Rate YoY
Creator: TipRanks

The 'Core Inflation Rate YoY' in Canada measures the year-over-year change in the Consumer Price Index (CPI) excluding volatile items like food and energy. It is crucial for assessing underlying inflation trends, guiding the Bank of Canada's monetary policy decisions. A higher-than-expected core inflation rate may lead to interest rate hikes to curb inflation, impacting financial markets by influencing bond yields and currency valuations. This metric is vital for understanding the economy's health and for investors making informed decisions.