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1. • 1.8 per cent

     • StatCan said lower prices for durable goods also contributed to the overall slowdown in June, falling 1.8 per cent year-over-year in the month following a 0.8 per cent decline in May. CIBC senior economist Katherine Judge said the June inflation data “gave the Bank of Canada what it needed in order to cut interest rates at next week’s meeting.”
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     Inflation falls in June, driven by slower growth in gas ...

2. People also ask

   Why did Canada's inflation rate drop in June?

   • Canada’s annual inflation rate fell to 2.7 per cent in June, down from the 2.9 per cent year-over-year growth in May, Statistics Canada said Tuesday. It largely attributed the deceleration to slower year-over-year growth in gasoline prices. This advertisement has not loaded yet, but your article continues below.

   Inflation falls in June, driven by slower growth in gas prices: StatCan

   nationalpost.com/news/canada/inflation-falls-canada-june-2024

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   What happened to inflation in June?

   • The annual inflation rate cooled a tick more than expected to 2.7% in June and the BoC's closely tracked core inflation measures were also marginally down, data showed on Tuesday. Analysts polled by Reuters had forecast the inflation rate would come down to 2.8% from 2.9% in May.

   Canada's cooling June inflation makes rate cut next week increasingly

   www.reuters.com/markets/canada-inflation-cools-more-than-expected-27-ahead-rate-decision-2024-07-16/

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   When will Canada's inflation rate go down?

   • The central bank now expects Canada's inflation rate to hover around three per cent over the next year, before falling to two per cent by mid-2025. That means it will take six months longer than the bank previously expected to get back to target.

   Inflation has fallen, but the Bank of Canada hasn't backed off rate

   www.ctvnews.ca/business/inflation-has-fallen-but-the-bank-of-canada-hasn-t-backed-off-rate-hikes-here-s-why-1.6490781

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   What is the June inflation reading?

   • The June inflation reading is the last before the Bank of Canada’s next interest rate decision, set for July 24. The central bank cut its benchmark interest rate by a quarter of a percentage point earlier this month to 4.75 per cent. This advertisement has not loaded yet, but your article continues below.

   Inflation falls in June, driven by slower growth in gas prices: StatCan

   nationalpost.com/news/canada/inflation-falls-canada-june-2024

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   Why did headline inflation drop a lot in June?

   • The deceleration in headline inflation was largely attributable to a slowdown in gasoline prices, which rose at an annual rate of 0.4% in June, down from 5.6% in May. Excluding gas prices, the CPI rose 2.8% on an annual basis, Statscan said.

   Canada's cooling June inflation makes rate cut next week increasingly

   www.reuters.com/markets/canada-inflation-cools-more-than-expected-27-ahead-rate-decision-2024-07-16/

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   Why did Canada's CPI rise in June?

   • The June CPI numbers follow May figures that jumped unexpectedly to 2.9 per cent from 2.7 per cent in April, driven largely by price increases for cellular services, travel tours, rent and air transportation. Canada's annual inflation rate cooled off in June to 2.7 per cent, according to Statistics Canada.

   Canada's inflation slows slightly more than ... - Yahoo Finance Canada

   ca.finance.yahoo.com/news/canadas-inflation-slows-slightly-more-than-expected-to-27-in-june-123940210.html

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3. www.bnnbloomberg.ca › business › economicsInflation falls to 2.7% in June, driven by slower growth in ...

   www.bnnbloomberg.ca › business › economics

   Jul 16, 2024 · Canada’s annual inflation rate fell to 2.7 per cent in June, down from the 2.9 per cent year-over-year growth in May, Statistics Canada said Tuesday. It largely attributed the deceleration to slower year-over-year growth in gasoline prices.

4. Videos

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     Inflation slows in June

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     'Why do we care about core inflation?' Bank of Canada governor explains

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     nbcnews.com

     Inflation July 2024: End of surging inflation may be in sight, but other risks are popping up.

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5. www.cbc.ca › canada-inflation-rate-june-1Canada's inflation rate falls to 2.8% | CBC News

   www.cbc.ca › canada-inflation-rate-june-1

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   Jul 18, 2023 · Canada's inflation rate fell to 2.8 per cent in June, its lowest level in more than two years. Statistics Canada said a sharp decline in the price of gasoline compared with this time last year...

   • Video Duration: 5 min

   • Author: Pete Evans

6. ca.finance.yahoo.com › news › canadas-inflationCanada's inflation slows slightly more than expected in June ...

   ca.finance.yahoo.com › news › canadas-inflation

   • Cached

   Jul 16, 2024 · Canada's annual inflation rate cooled more than expected in June to 2.7 per cent, Statistics Canada data showed on Tuesday, increasing the likelihood of another Bank of Canada (BoC)...

7. www.ctvnews.ca › business › inflation-has-fallen-butInflation has fallen, but the Bank of Canada hasn't backed ...

   www.ctvnews.ca › business › inflation-has-fallen-but

   Jul 23, 2023 · OTTAWA - Canada's inflation rate has returned to the country's target range after a tumultuous couple of years of soaring prices. Statistics Canada reported on Tuesday that inflation fell to...

8. www.reuters.com › markets › canada-inflation-coolsCanada's cooling June inflation makes rate cut next week ...

   www.reuters.com › markets › canada-inflation-cools

   Jul 16, 2024 · OTTAWA, July 16 (Reuters) - Canada's slower-than-expected rise in consumer prices in June has firmed up expectations that yet another rate cut by the Bank of Canada is coming next week,...

9. www.nytimes.com › june-inflation-dataInflation Cooled Further in June, Welcome News for the Fed ...

   www.nytimes.com › june-inflation-data

   Jul 11, 2024 · Consumer Price Index inflation was 3 percent yearly in June and fell month-to-month, a sharper slowdown than expected and a relief for the White House.