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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada CPI Trimmed-Mean YoY fell to 2.5% in December 2024
FMPMonthlyReleased January 2025
Canada CPI Trimmed-Mean YoY fell to 2.5% in December 2024, released January 2025, down 0.1% from November's 2.6% reading. The reading matched expectations.
Latest Release
2.500000
Actual
2.500000
Consensus
2.600000
Previous
Median Absolute Error
±0.11 percentage points
across last 12 releases
Last Call
Jan 2025
Predicted: 2.6
Actual: 2.5
Error: +0.1
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/CAD | ▼ Inverse | −0.50 | FOREX | Bullish CAD | → View |
| CAD/JPY | ▲ Direct | +0.45 | FOREX | Bullish CAD | → View |
| WTI Crude | ▲ Direct | +0.40 | COMMODITIES | Watch | → View |
| EUR/CAD | ▼ Inverse | −0.35 | FOREX | Bullish CAD | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
CPI Trimmed-Mean YoY (Canada) was reported at 2.5% in January 2025. This matched the market consensus of 2.5% exactly. The reading fell from the previous value of 2.6%. This is classified as a high-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 2.6%, up from the prior three at 2.5%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/CAD (Bullish CAD). A secondary relationship exists with CAD/JPY, positively correlated (Bullish CAD). Over the last 12 releases, the Sigmacast model's median absolute error is 0.11%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Current Account (May 28) and Financial Stability Report (May 28).
Auto-generated from current model state · Refreshes on each release · Last update January 2025.
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CPI Trimmed-Mean YoY - CA
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About CPI Trimmed-Mean YoY — Canada
DEFINITION
CPI Trimmed-Mean YoY is a widely used financial indicator that measures the year-over-year change in the Consumer Price Index (CPI) after removing extreme price movements. This indicator provides a more accurate representation of inflation by excluding volatile price changes, such as those caused by seasonal fluctuations or one-time events. It is considered a reliable measure of underlying inflation trends and is closely monitored by economists, policymakers, and investors to assess the overall health of the economy.
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Dec 2024): actual 2.5 %, consensus 2.5 %. Prior reading (Nov 2024): 2.7 %. Before that (Oct 2024): 2.6 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with USD/CAD (Bullish CAD, r=-0.50) — a useful reference for forex-focused traders.