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Canada's June CPI Falls to 2.8%, Core Inflation Hits 1.85% Low

Commodities Forex

2026-07-20 12:53:07

GAS0.63%

According to Jin10 citing Statistics Canada, Canada's June consumer price index (CPI) fell to 2.8% year-over-year on July 20, driven by lower gasoline prices and beating economist forecasts of 2.9%. Core inflation dropped to 1.85%, marking the lowest level since September 2020 and the first time in six years the key gauge has fallen below 2%, down from 3.2% in May.

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