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Canada: Annual CPI Rises to 3.7% in July

Adel 18 August, 2021 5:10 pm Market Update

Annual inflation in Canada, as measured by the Consumer Price Index (CPI), advanced to 3.7% in July from 3.1% in June, the data published by Statistics Canada revealed on Wednesday. This reading came in higher than the market expectation of 3.4%. On a monthly basis, the CPI rose to 0.6% from 0.3%.

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