Canada's annual inflation rate dropped more than expected to a 27-month low of 2.8% in June but underlying pressures persist
Analysts polled by Reuters had forecast inflation to drop to 3.0% from 3.4% in May. Month-over-month, the consumer price index was up 0.1%, Statistics Canada said, which was also lower than the 0.3% forecast.
Excluding food and energy, prices rose 3.5% compared with a 4.0% gain in May. Grocery prices rose 9.1% year-over-year in June, a tick higher than the increase recorded in May. Prices of food from restaurants slowed slightly in June from May.The average of two of the Bank of Canada's core measures of underlying inflation, CPI-median and CPI-trim, came in at 3.8% compared with 3.9% in May.
Canada's Finance Minister Chrystia Freeland, speaking to reporters on a call from India where she had attended a G20 meeting, hailed the inflation report as a "milestone moment" and said inflation was lower in Canada than in any other G7 country.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Air quality alert issued again for central Pa. through TuesdayWildfires smoke from western Canada are prompting another warning about air quality through Tuesday night.
Consulte Mais informação »
Retail sales rose in June for third straight month | CNN BusinessSpending at US retailers rose in June for the third month in a row, in a subdued show of resilience from American consumers.
Consulte Mais informação »
Canada CPI Preview: Forecasts from five major banks, better inflation, but not yet good enoughStatistics Canada will release June Consumer Price Index (CPI) data on Tuesday, July 18 at 12:30 and as we get closer to the release time, here are th
Consulte Mais informação »
Singapore's June non-oil exports fall 15.5% year-on-year, lower than forecastSingapore's non-oil domestic exports fell 15.5% in June from a year earlier, weighed down by declines in both electronic and non-electronic products.
Consulte Mais informação »
China property investment slide deepens in June as structural shift inflicts painThe National Bureau of Statistics says the property sector is shifting from high-speed development to stable development in the medium to long term.
Consulte Mais informação »
Turkish budget deficit surges in June, spending to be reviewedThe Turkish budget deficit widened to 219.6 billion lira ($8.37 billion) in June, seven times the deficit a year earlier, data showed on Monday, while state media said institutions had been told to review their expenditures.
Consulte Mais informação »