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Canada Consumer Price Index, June 2026
The Consumer Price Index (CPI) increased 2.8% year over year in June, following a 3.2% gain in May. Prices for gasoline increased at a slower rate on a year-over-year basis in June compared with May, driving the deceleration in the headline CPI. Excluding gasoline, the CPI was unchanged in June compared with May, at 2.2%. The CPI fell 0.4% month over month in June, the largest monthly decline since December 2024. On a seasonally adjusted monthly basis, the CPI fell 0.1% in June, the first decline since April 2025 (-0.2%). Prices at the pump increased at a slower rate on a year-over-year basis in June (+20.5%) ... (full story)
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Canada's annual inflation rate cools below forecast on cheaper fuel
Canada's annual inflation rate cooled more than expected to 2.8% in June, data showed on Monday, as gasoline costs fell sharply after the U.S. and Iran signed their memorandum of understanding to end the war. The war has since then flared up again in the Middle East and gasoline costs have started inching up. The Consumer Price Index on a month on month basis decelerated by 0.4%, Statistics Canada said. - Analysts polled by Reuters had forecast an annual inflation rate of 2.9% and a monthly inflation rate of -0.2% in June. - Last month, the consumer price index had clocked a 29-month high of 3.2%, breaching the ... (full story)
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Iran confirms received proposals from mediators, says diplomatic channel still active Iran has received proposals from mediators, Foreign Ministry spokesman Esmaeil Baghaei said on Monday, amid continued tit-for-tat strikes between Iran and the United States. Baghaei made the remarks at a weekly press conference in Tehran without giving details, when asked whether he could confirm reports about new proposals by Qatar for the revival of U.S.-Iran negotiations and a 10-day ceasefire. Baghaei stressed that Iran's diplomatic apparatus remains active alongside its military responses to U.S. attacks, while condemning recent U.S. strikes against civilian infrastructure, including bridges and medical centers, as violating "people's rights to life, security and human dignity."
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