CPI Inflation Falls To 2.8%–Inside the BoC’s Target Range – July 19 2023
Posted by: Matthew J. Charlton
Canadian Inflation Falls Within Bank of Canada’s Target Range; Food and Shelter Costs Remain High
June inflation data released this week by Statistics Canada showed that the Consumer Price Index (CPI) rose 2.8% year-over-year (y/y), slightly below expectations. This was the lowest CPI reading since February 2022.
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