Market news
28.07.2021, 13:00

Canada’s annual inflation decelerates slightly more than expected in June

Statistics Canada reported on Wednesday the country’s consumer price index (CPI) rose 0.3 percent m-o-m in June, following a 0.5 percent m-o-m advance in the previous month.

On the y-o-y basis, Canada’s inflation rate increased 3.1 percent last month, decelerating from 3.6 percent in May. This was the lowest rate in three months.

Economists had predicted inflation would increase 0.4 m-o-m and 3.2 percent y-o-y in June.

According to the report, prices rose at a slower pace in four of the eight major components on a y-o-y basis in June, with clothing and footwear component recording the largest deceleration (+1.1 percent y-o-y in June vs. +3.9 percent y-o-y in May), reflecting a decline in prices for women's clothing.

Meanwhile, the closely watched the Bank of Canada's core index rose 2.7 percent y-o-y in June, following a 2.8 percent y-o-y climb in May. 

© 2000-2021. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at

Live Chat E-mail
Choose your language / location