Canada CPI YoY 2.8% vs 2.9% estimate

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CPI MoM -04% versus -0.2% estimate. Prior month +1.0%CPI YoY 2.8% versus 2.9% estimate. Prior month 3.2%CPI BOC COre YoY 2.1% versus 2.2% last monthCPI BoC Core MoM 0.1% versus 0.6% last monthCPI MOM SA -0.1% vs. 05% last monthCore CPI MoM SA 0.2% versus 0.2% last monthCPI median +1.9% versus 2.1% estimate. Prior month 2.1%CPI trim 1.8% versus 2.0% estimate. Prior month 2.0%CPI common 2.6% versus 2.7% last monthGasoline prices continued to ease in June, rising at a slower year-over-year pace than in May and helping to drive the moderation in Canada's headline inflation rate. Excluding gasoline, the Consumer Price Index (CPI) was unchanged from the previous month at 2.2%, underscoring the broader stability in underlying inflation. On a monthly basis, the CPI declined 0.4% in June—the largest monthly drop since December 2024. After seasonal adjustment, prices slipped 0.1%, marking the first monthly decline since April 2025 and signaling that inflationary pressures continued to soften as the second quarter came to a close. This article was written by Greg Michalowski at investinglive.com.