Inflation Enters Bank of Canada’s Target Range in June, But Core Still Elevated

<p>Consumer price inflation cooled to 2.8% year-on-year (y/y) in June, down from 3.4% in May. That was slightly below market expectations. Lower energy prices, gasoline primarily, relative to a year ago were the key downward force on inflation. Without the effect of gasoline prices being down -21.6% versus a year ago, headline inflation would have [&#8230;]</p>
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