Canada: CPI rose 1.2% on a year-over-year basis in July, following a 1.0% gain in June
|"The Consumer Price Index (CPI) rose 1.2% on a year-over-year basis in July, following a 1.0% gain in June," the Statistics Canada announced on Friday.
Key highlights:
- Prices were up in six of the eight major components in the 12 months to July, with the transportation and shelter indexes contributing the most to the year-over-year rise in the CPI
- Consumer prices for food rose 0.6% on a year-over-year basis in July, matching the gain in June
- On a seasonally adjusted monthly basis, the CPI increased 0.2% in July, after posting no change in June
- CPI remained unchanged on a monthly basis in July
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