Canada: Annual CPI in June Climbs to 0.7%

Canada’s annual consumer price index rose more than expected in June as data released by Statistics Canada on Wednesday showed that Canada’s inflation, measured by the CPI, rose 0.7% year-on-year in June, above market expectations of 0.2% monthly basis. The consumer price index reached 0.8%.

The USD/CAD pair remains in red below 1.3450. USD/CAD pair did not react to those numbers and recorded 0.22% loss on a daily basis to 1.3428.

The core CPI that excludes food and energy recorded 1.1% on an annual basis and 0.4% on a monthly basis.