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June CPI Slows While Grocery And Mortgage Interest Costs Remain Sticky

CANADA
  • Headline CPI +2.8% YOY in June driven by base-effects. Inflation was +4.0% when excluding gasoline.
  • June figure is the lowest since March 2021 when headline inflation was +2.2%.
  • Main contributors to inflation were grocery prices and mortgage interest costs.
  • Core measures see a softer YOY decline with trim at +3.7%, prior +3.8%, and median +3.9% from +4.0%.
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com

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