Statistics Canada says the annual inflation rate rose to 1.9 per cent in June, up from 1.7 per cent in May, as consumers paid for more new and used vehicles.
Statistics Canada says the annual inflation rate rose to 1.9 per cent in June, up from 1.7 per cent in May, as consumers paid for more new and used vehicles.
1:50
Consumer Matters: Food inflation putting credit card pressure on Canadians
Statistics Canada says the pace of inflation accelerated in June as consumers paid more for new and used vehicles.
The annual inflation rate rose to 1.9 per cent last month, up from 1.7 per cent in May.
StatCan says gas prices were nearly unchanged in June, but because prices were falling faster this time last year, the annual comparisons pushed overall inflation higher.
1:08
Canadians cut back on charity as economic pressures mount
The agency says used vehicle prices rose year-over-year in June for the first time in 18 months thanks to tighter inventories.
Canadians were also paying more for furniture and other durable goods last month but did get a bit of relief from lower inflation on food and shelter costs.
The Bank of Canada’s closely watched core inflation metrics meanwhile showed no signs of easing last month.
© 2025 The Canadian Press