Canada Annual CPI Rises 3.1% in June

By Kim Mackrael

OTTAWA--Canada's annual inflation rate decelerated in June as the effects of the economic reopening last year put downward pressure on consumer prices.

Canada's consumer-price index rose 3.1% on a year-over-year basis in June, Statistics Canada said Wednesday, slower than the 3.6% increase recorded in the previous month. Market expectations were for a 3.2% rise in June, according to economists at TD Securities.

On a month-over-month basis, prices climbed 0.3% in June. On a seasonally-adjusted basis, CPI rose 0.1% in June from the previous month.

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(END) Dow Jones Newswires

07-28-21 0859ET