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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

Canada Consumer Price Index (MoM) in line with expectations (0%) in July

Canada Consumer Price Index (MoM) in line with expectations (0%) in July
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Global growth: Will the planetary alignment last? - Natixis

In view of Patrick Artus, Research Analyst at Natixis, the upturn in global growth since mid-2016 can be ascribed to the coincidence of a number of ex
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