Canada CPI Rises to 3.0% YoY in July, Above Forecasts
Canadian headline CPI accelerated to 3.0% year-over-year in July, exceeding market expectations and up from 2.8% in June.
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Canadian consumer inflation picked up in July, with the headline Consumer Price Index rising 3.0% from a year earlier. The print was above market expectations and faster than the 2.8% annual increase recorded in June.
On a monthly basis, prices also rose, according to the release. The available details did not include the exact monthly figure.
The July CPI report points to renewed acceleration in Canadian price growth compared with June.
Source: FXStreet Forex News