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🇨🇦*CANADA JUN. INFLATION RATE 3.1% Y/Y, EST. 3.2%

*CANADA JUN. INFLATION RATE 0.3% M/M, EST. 0.4%


Highlights:

  • While shelter (+4.4%) and transportation (+5.6%) prices contributed the most to the all-items increase, prices rose at a slower pace in four of the eight major components on a year-over-year basis in June. The headline CPI grew at a slower pace compared with May due in part to a slowdown in price growth for goods. Growth slowed the most in the clothing and footwear component, mostly due to lower prices for women's clothing. - CANSTAT

  • Average of BoC's core measures unchanged at 2.23%


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