At 14:30 (GMT+2), Canada will publish January data on the consumer price index, which is the main indicator of the country's inflation rate and determines the change in the level of retail prices for a certain “basket” of goods and services: food, transport, utilities, health care and others, and also has a significant impact on the decisions on monetary policy. If the indicator increases from 0.0% on a monthly basis, from 2.3% on an annual basis, and the base indicator from 0.2% and 2.6%, respectively, this will certainly affect the rhetoric of the monetary authorities at the next meeting of the Bank of Canada.
