Canada'S CPI Dropped Sharply In June
Canadian year June
Consumer price
The index dropped sharply to 3.1%.
In May, the figure was 3.7%, the highest level in 8 years.
This result proves that the previous prediction by the central bank and the reduction of price pressure will raise interest rates in the future.
Policy decision
Become more relaxed.
Lower car prices are consumption indices.
Large scale
The main reason for the decline is, in addition, other hotel prices such as the rise in energy prices by 15.7%, slightly lower than the 16.6% level in May, and contributed to this.
But food prices are rising.
retail
Food prices rose to 4.8%, up from 4.2% in May.
Remove gasoline,
food
And other price fluctuations.
commodity
The core consumption index dropped unexpectedly to 1.4%, 0.6% lower than in May.
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