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  • CA Consumer Price Index, June 2024

    From statcan.gc.ca

    The Consumer Price Index (CPI) rose 2.7% on a year-over-year basis in June, down from a 2.9% gain in May. The deceleration was largely the result of slower year-over-year growth in gasoline prices, which rose 0.4% in June following a 5.6% increase in May. Excluding gasoline, the CPI rose 2.8% in June. Year over year, lower prices for durable goods (-1.8%) also contributed to the slowdown in the all-items CPI in June. Moderating the deceleration was an increase in prices for food purchased from stores (+2.1%), as well as a smaller decline for cellular services in June (-12.8%) compared with May (-19.4%).

Added at 8:41am

  • Canada's inflation slowed to 2.7% in June, slightly more than expected

    From uk.finance.yahoo.com

    Canada's annual inflation rate cooled in June to 2.7 per cent, according to Statistics Canada, lower than financial industry consensus expectations. On a monthly basis, CPI decreased 0.1 per cent per cent in June. Seasonally adjusted, CPI rose 0.1 per cent. The June CPI numbers follow May figures that jumped unexpectedly to 2.9 per cent from 2.7 per cent in April, driven largely by price increases for cellular services, travel tours, rent and air transportation. Analysts had expected a milder 2.6 per cent figure for May, and the higher figure led some to speculate that a July Bank of Canada (BoC) rate cut was less ... (full story)

Might be time for that CAD rate cut.
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