Investing.com – Canadian inflation rose slightly more than forecast in June, according to official data released on Friday.
According to the report from Statistics Canada, June consumer price inflation (CPI) rose 0.2% from the previous month, below the 0.1% increase expected and below May’s 0.4% rise.
Year-on-year, CPI advanced 1.5%, above forecasts for a gain of 1.4% and compared to May’s reading of 1.5%.
Core inflation, which excludes food and energy, was flat from the previous month, in line with the consensus forecast and below May’s 0.3% increase.
Year-on-year, core CPI advanced 2.1%, above forecasts for a 2.0% rise and compared to May’s reading of 2.1%.
After the report which was released simultaneously with retail sales, USD/CAD traded at 1.3059, compared to 1.3098 prior to the release.