Canadas Inflation Rate Rises In June As Vehicle Prices Surge

Canada S Annual Inflation Rate Slowed In January Serving Good News For Statistics canada says the annual inflation rate rose to 1.9 per cent in june, up from 1.7 per cent in may, as consumers paid for more new and used vehicles. The pace of inflation sped up to 1.9 per cent in the month of june as costs for cars and clothes increased, statistics canada said tuesday. passenger vehicles prices rose significantly in june.

Canada S Inflation Rate Tumbles To 3 4 But Forecasters Still Expect The consumer price index (cpi) rose 1.9% on a year over year basis in june, up from a 1.7% increase in may. headline inflation grew at a faster pace, as gasoline prices fell to a lesser extent in june ( 1 3.4%) than in may ( 1 5.5%). additionally, faster price growth for some durable goods, such as passenger vehicles and furniture, put upward pressure on the cpi in june. year over year, the. The june figures mark the final look the bank of canada will get at price data before its next interest rate decision on july 30. the central bank’s preferred core measures of inflation showed no signs of easing in june, remaining around three per cent. Ottawa — underlying inflation remained stubbornly hot in june, leading financial markets and many economists to firm up calls for a third straight interest rate hold from the bank of canada. Statistics canada said june's inflation rate rose to 1.9% as prices for new and used vehicles surge.

Canada S Inflation Rate Accelerates Again But Not As Sharply As Ottawa — underlying inflation remained stubbornly hot in june, leading financial markets and many economists to firm up calls for a third straight interest rate hold from the bank of canada. Statistics canada said june's inflation rate rose to 1.9% as prices for new and used vehicles surge. A notable development in june was the sharp rise in prices for clothing and footwear, which jumped from 0.5 percent to 2.0 percent year over year. statistics canada attributed this increase to ongoing uncertainty in global trade, which heightened production and import costs, indirectly pushing up retail prices in this category. The annual inflation rate in canada rose to 1.9% in june of 2025 from 1.7% in the previous month, aligned with market expectations. despite the pickup, the rate remained below the bank of canada's mid point target of 2% for the third straight month, consistent with the central bank's forecast that price growth should rise as tariffs and supply.

Canada S Inflation Rate Hits 8 1 But Early Signs Suggest Peak Near A notable development in june was the sharp rise in prices for clothing and footwear, which jumped from 0.5 percent to 2.0 percent year over year. statistics canada attributed this increase to ongoing uncertainty in global trade, which heightened production and import costs, indirectly pushing up retail prices in this category. The annual inflation rate in canada rose to 1.9% in june of 2025 from 1.7% in the previous month, aligned with market expectations. despite the pickup, the rate remained below the bank of canada's mid point target of 2% for the third straight month, consistent with the central bank's forecast that price growth should rise as tariffs and supply.