Canada: CPI rose 1.0% on a year-over-year basis in June, following a 1.3% gain in May

Eren Sengezer FXStreet

"The Consumer Price Index (CPI) rose 1.0% on a year-over-year basis in June, following a 1.3% gain in May," the Statistics Canada said today.

Key highlights:

Energy prices decreased in the 12 months to June, after increasing in May. At the same time, prices for food rose year over year in June, following a small decline in May.
Excluding food and energy, the CPI was up 1.4% on a year-over-year basis in June, matching the gain in May.
On a seasonally adjusted monthly basis, the CPI was unchanged in June, after declining 0.2% in May.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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