Canada’s inflation rate tumbles to 2.8% in June even as grocery prices remain high

The federal agency says the deceleration was broad\u002Dbased, though lower gasoline prices compared with last year led the slowdown.

Economists are forecasting inflation fell closer to three per cent, the top end of the Bank of Canada's target range. A cyclist makes their way past the Bank of Canada in Ottawa on Tuesday, July 11, 2023.OTTAWA — Statistics Canada says Canada’s inflation rate tumbled to 2.8 per cent in June, putting it within the Bank of Canada’s target range.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYUnlimited online access to articles from across Canada with one account and fewer ads.

Get exclusive access to the Calgary Sun ePaper, an electronic replica of the print edition that you can share, download and comment on.Support local journalists and the next generation of journalists.Subscribe now to read the latest news in your city and across Canada.Get exclusive access to the Calgary Sun ePaper, an electronic replica of the print edition that you can share, download and comment on.Support local journalists and the next generation of journalists.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

calgarysun /  🏆 63. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Chainlink reverses all June losses, but…Chainlink's impressive recovery reversed all May/June losses, but there's one more roadblock to gain further edge.
Read more »

Some economists expect inflation back in BoC target range for JuneThe last time that headline year-over-year CPI was within the central bank's target range was March 2021 From m_zadikian
Read more »

ADA falters at June high — Bulls can consider this levelADA's pullback edged lower towards a crucial breakout level of $0.3 - a previous resistance. The $0.3 could hold only if BTC ...
Read more »

Statistics Canada to release June inflation numbers todayStatistics Canada is set to release its June inflation reading this morning.
Read more »

Inflation cools to 2.8% in JuneThe rate of inflation in Canada fell in June to 2.8%, Statistics Canada said on July 18. Find out more.
Read more »

Canada's inflation rate tumbles to 2.8% in June - BNN BloombergStatistics Canada says Canada’s inflation rate tumbled to 2.8 per cent in June, putting it within the Bank of Canada’s target range.
Read more »