The Toronto skyline in Canada

Canada Inflation June 2021

Canada: Inflation plunges to lowest level since March in June

Consumer prices increased a seasonally-adjusted 0.14% in June over the previous month, slowing down from the 0.36% increase recorded in May. June’s result marked the softest rise in prices since December 2020. The result was driven by falling prices for transportation and food. In addition, prices for recreation and culture grew at a more subdued pace.

Inflation eased to 3.1% in June from May’s 3.6%. June’s reading represented the lowest inflation rate since March. Meanwhile, the trend pointed up mildly, with annual average inflation coming in at 1.5% in June (May: 1.3%). Core inflation fell to 2.7% in June, from the previous month’s 2.8%.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest