Bank of Canada: Here are the top inflation indicators taken into consideration

Here are the indicators on the Canadian central bank’s radar, when it comes to tackling high inflation.

On Tuesday, Statistics Canada reported the Consumer Price Index (CPI) rose 5.9 per cent in January compared to a year ago, slower than the estimated 6.1 per cent gain expected by economists tracked by Bloomberg.

However, core inflation measures are just one of the many factors the Bank of Canada takes into consideration with its key monetary policy rate decisions.

Here are the indicators on the Canadian central bank’s radar, when it comes to tackling high inflation.