Home / Market Update / Canada: Annual CPI Rises to 3.7% in July

Canada: Annual CPI Rises to 3.7% in July

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%.

Check Also

EUR/USD declines Amid Deepened Bearish Bias

The EUR/USD currency pair experienced a sharp decline at the beginning of the week, falling …