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Canada: Annual CPI in June Climbs to 0.7%

Adel 22 July, 2020 5:39 pm Market Update

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.

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