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Inflation Enters Bank of Canada’s Target Range in June, But Core Still Elevated

Inflation Enters Bank of Canada’s Target Range in June, But Core Still Elevated
Consumer price inflation cooled to 2.8% year-on-year (y/y) in June, down from 3.4% in May. That was slightly below market expectations. Lower energy prices, gasoline primarily, relative to a year ago were the key downward force on inflation. Without the effect of gasoline prices being down -21.6% versus a year ago, headline inflation would have […] The post Inflation Enters Bank of Canada’s Target Range in June, But Core Still Elevated appeared first on Action Forex... Read More
Posted: Jul 18 2023, 13:31
Author Name: actionforex
Views: 080998

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