Canadian Annual Inflation 2.5% in June

Canadian Annual Inflation 2.5% in June

Jul 20, 2018

The overall rate of inflation in Canada picked up in June, Statistics Canada said on Friday.

The consumer price index rose 2.5% last month, compared with the same month a year earlier.

Prices rose by 0.1% from a month earlier.

Economists had expected annual inflation to increase by 2.4% and monthly inflation to stay at 0.1%.

Core inflation, which excludes gasoline, was up 1.3% from a year earlier and rose by 0.1% from the previous month.

The Bank of Canada aims to keep inflation at 2%, the midpoint of a target range of 1% to 3% over the medium term.

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