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12-month change:
- The Consumer Price Index (CPI) rose 1.2% in the 12 months to June, following a 0.7% increase in May. This 0.5 percentage point increase in the CPI was led by transportation prices which rose 2.0% on a year-over-year basis in June, after falling 0.5% in May.
- Consumer prices rose in six of the eight major components in the 12 months to June. The exceptions were health and personal care and recreation, education and reading.
- Consumer prices rose in nine provinces in the 12 months to June with the largest increase occurring in Manitoba. The exception was British Columbia, where prices declined on a year-over-year basis.
Month-to-month change:
- On a seasonally adjusted monthly basis, the CPI increased 0.3% in June, after rising 0.2% in May.
- On a monthly basis and before seasonal adjustment, the CPI posted no change in June, after increasing 0.2% in May.
Bank of Canada’s Core Index:
- The Bank of Canada’s core index rose 1.3% in the 12 months to June, following a 1.1% increase in May.
Main contributors to the 12-month change in the CPI:
Main upward contributors:
- Gasoline (+4.6%)
- Purchase of passenger vehicles (+2.0%)
- Natural gas (+11.3%)
- Rent (+1.7%)
- Property taxes (+2.8%)
Main downward contributors:
- Mortgage interest cost (-3.8%)
- Video equipment (-9.2%)
- Travel tours (-4.8%)
- Prescribed medicines (-4.1%)
- Digital computing equipment and devices (-4.3%)
Main contributors to the monthly change in the CPI, not seasonally adjusted:
Main upward contributors:
- Gasoline (+2.8%)
- Furniture (+3.4%)
- Fresh vegetables (+2.6%)
- Air transportation (+1.6%)
- Traveller accommodation (+1.3%)
Main downward contributors:
- Clothing (-3.9%)
- Purchase of passenger vehicles (-0.2%)
- Footwear (-1.4%)
- Dairy products (-1.0%)
- Sugar and confectionery (-3.1%)
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