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12-month change:
- The Consumer Price Index (CPI) rose 2.4% in the 12 months to June, following a 2.3% increase in May.
- Prices increased in all major components in the 12 months to June. Higher prices for shelter, food and transportation contributed the most to the rise in the CPI.
- Consumer prices rose in all provinces in the 12 months to June. Ontario posted the largest increase, while Quebec recorded the smallest.
Month-to-month change:
- On a seasonally adjusted monthly basis, the CPI increased 0.3% in June, marking the eighth consecutive rise. The June increase followed a 0.2% advance in May.
- On a monthly basis and before seasonal adjustment, the CPI rose 0.1% in June, after increasing 0.5% in May.
Bank of Canada’s Core Index:
- The Bank of Canada’s core index rose 1.8% in the 12 months to June, after increasing 1.7% in May.
Main contributors to the 12-month change in the CPI:
Main upward contributors:
- Gasoline (+5.4%)
- Meat (+9.4%)
- Natural gas (+19.4%)
- Cigarettes (+10.3%)
- Food purchased from restaurants (+2.3%)
Main downward contributors:
- Air transportation (-2.3%)
- Digital computing equipment and devices (-4.5%)
- Furniture (-2.2%)
- Video equipment (-6.1%)
- Personal care supplies and equipment (-1.4%)
Main contributors to the monthly change in the CPI, not seasonally adjusted:
Main upward contributors:
- Gasoline (+2.0%)
- Traveller accommodation (+5.4%)
- Fresh vegetables (+3.5%)
- Meat (+1.5%)
- Telephone services (+1.2%)
Main downward contributors:
- Clothing (-2.3%)
- Electricity (-2.5%)
- Purchase of passenger vehicles (-0.6%)
- Travel tours (-2.9%)
- Footwear (-1.7%)
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