Definitions

the words that show up everywhere else
Consumer Price Index The Consumer Price Index tracks the price of a fixed basket of goods and services a typical household buys, so a rising index means the cost of living is going up.
Contribution Each group's share of the headline inflation number, weighting its price change by how big a slice of the basket it is.
Year-over-yearYoY Year-over-year: how much prices changed compared with the same month last year. This is the headline inflation number.
Basket weight How much of a typical household budget goes to each group. Updated by Statistics Canada roughly once a year.
Month-over-monthMoM Month-over-month: how much prices changed from the previous month.
Policy rate The Bank of Canada's overnight target rate — the main lever it uses to keep inflation near its 2% target. Raising it cools the economy; cutting it stimulates.
Sources
Statistics Canada CPI series & basket weights — StatCan Table 18-10-0004, StatCan Table 18-10-0007.
Bank of Canada Policy rate, bank rate & benchmark bond yields — StatCan Table 10-10-0139, Bank of Canada Valet.
Notes

Year-over-year is value ÷ value 12 months ago − 1; a group's contribution weights its price change by its share of the basket, using the weight vintage in effect that month. The custom basket re-normalizes the selected groups' weights to 100% before averaging. These calculations are unit-tested.

Direction is shown by glyph, label and sign — never by a good/bad colour. Data refreshes each month after Statistics Canada's CPI release; coverage is Canada and the 10 provinces, 2001–present. Not investment advice.