-
Canada Inflation Preview: Prices to Grow at Slower Pace in June
Canada's annual inflation is expected to have run at a slower pace in June, as energy prices stalled, food prices slowed and last year’s stronger-than-average acceleration weighed on the headline figure. Annual inflation looks to have slowed down in June, with Canadian consumers receiving a small break when shopping for items such as meat and gasoline. The Canadian June CPI is estimated to have declined to 1.4% from 1.5% on an annual basis, while the closely watched core CPI measure is projected to have eased to 2% from 2.1% over the past year. The core CPI monitors overall trends in underlying inflation by ... (full story)