# Bank of Canada's Kozicki: Big drivers in August CPI inflation was energy & gasoline prices

> Bank of Canada Deputy Governor Sharon Kozicki said energy and gasoline prices were major drivers of August CPI inflation and that temporary energy price moves get less weight in policy. USD/CAD dipped before the CPI release and then rebounded toward 1.3446.

- Date: 2023-09-19 · published 2023-09-19T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/34340-bank-of-canada-s-kozicki-big-drivers-in-august-cpi-inflation-was-energy-and
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Policy signals that energy-driven inflation may be discounted reduce the chance of further tightening, which can weaken the CAD and affect Canadian export pricing.

## Read by commodity

- USDCAD: neutral

## Sources

- investinglive.com: https://investinglive.com/centralbank/bank-of-canadas-kozicki-big-drivers-in-august-cpi-inflation-was-energy-gasoline-prices-20230919/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.