--Q2 Total CPI +1.6% Unch From Q1; Core +2.1% From Q1 +2.0%
OTTAWA (MNI) - Canadian inflation stayed relatively steady in June
on an annual basis, rising 1.5% after the same gain in May, but was up
0.2% month-over-month, a slowdown from +0.4% in May, on an unadjusted
basis, Statistics Canada reported Friday.
The core index, stripping out volatile items, increased 2.1% Y/Y,
as it had in May, and was unchanged on the month.
Total CPI rose 1.6% in the second quarter, as it had in the first
quarter. Core CPI edged up slightly, to 2.1% versus 2.0% in Q1. Both are
in line with the Bank of Canada's own projections.
On a seasonally adjusted basis, both the headline and core CPI rose
0.2% in June, the same as in May.