Canada CPI down to 2.8% in Jun, led by gasoline base-year effect

Canada CPI slowed from 3.4% yoy to 2.8% yoy in June, below expectation and back inside BoC’s 1-3% target range. On a monthly basis, CPI edged up 0.1% mom down from May’s 0.4% mom. Statistics Canada noted, “While deceleration was fairly broad-based, another base-year effect in gasoline prices led the slowdown in the CPI.” Excluding […]

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