Consumer Price Index 20/7/2022

This indicator is derived from the Consumer Price Index, and measures the change in the prices of goods and services excluding foodstuffs and energy
The Consumer Price Index measures the change in prices from the point of view of the consumer
It is a primary way to measure changes in purchasing trends and inflation rates in Canada

Estimate for today's data 0.8%
The indicator will be released at 3:30 pm Mecca time

A look at Canadian inflation data (Consumer Price Index)

Canada's annual inflation accelerated to 7.7% in May 2022, the highest level since January 1983 and above market expectations of 7.4%. The main upward pressure came from transportation, food, and shelter as Western sanctions in response to Russian attacks on Ukraine continued to drive up energy and commodity prices. Transportation costs rose 14.6% (11.2% in April), supported by a 48% rise in gasoline prices (36.3% in April). Meanwhile, food price inflation remained unchanged at 8.8%, led by a 9.7% increase in grocery prices. Home prices also grew at the same pace of 7.4% as mortgages continued to rise. Excluding gasoline, the CPI rose to a new record high of 6.3%. On a monthly basis, consumer prices rose 1.4%, beating market estimates for an increase of 1%, and up from 0.6% in April