Canada's annual inflation rate in June slightly up to 1.9%
CANADA, JUL 15 – Headline inflation rose to 1.9% year-over-year in June, driven by higher food and transportation costs, influencing Bank of Canada’s monetary policy decisions, economists said.
- On July 15, 2025, Statistics Canada announced that the country's inflation rate for June reached 1.9 percent, marking the third consecutive month it remained below the 2 percent threshold.
- This increase followed predictions and reflects factors including higher prices for automobiles, clothing, and footwear amid ongoing tariff-driven trade uncertainties.
- Durable goods prices rose 2.7 percent year-over-year in June led by a 4.1 percent increase in passenger vehicle prices, while gasoline prices fell 13.4 percent year-over-year.
- The consumer price index increased 0.1 percent month-over-month, matching forecasts, and strong June jobs data diminished market expectations for a July interest rate cut.
- The Bank of Canada will announce its policy decision on July 30 and is expected to hold rates steady while monitoring inflation and trade uncertainty impacts.
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65 Articles
Inflation up to 1.9 per cent in June
A rise in prices for durable goods is partly to blame for an increase in Canada's inflation rate for June.Statistics Canada's Consumer Price Index (CPI) for June was released on Tuesday morning, and it showed that inflation increased by two-tenths of a percentage point, to 1.9 percent.Month to month, the CPI rose a tenth of a percentage point in June. On a seasonally adjusted monthly basis, the CPI increased by 0.2 per cent.Prices for durable go…
Here’s a list of June inflation rates for selected Canadian cities
OTTAWA - Canada's annual inflation rate was 1.9 per cent in June, Statistics Canada says. The agency also released rates for major cities, but cautioned that figures may have fluctuated widely because they are based on small statistical samples (previous…
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