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Canada's June CPI Rises 2.8%, Missing 2.9% Forecast Amid Oil Price Decline

Commodities Forex

2026-07-20 17:23:18

GAS0.83%

According to Statistics Canada, Canada's June consumer price index (CPI) rose 2.8% year-over-year on July 20, missing market expectations of 2.9% and declining 0.4 percentage points from May's 3.2%. The softer inflation was driven by a decline in gasoline prices, which fell 10.2% month-over-month as international oil prices stabilized following diplomatic negotiations. However, travel-related services surged due to North American World Cup hosting, with hotel accommodation rising 10.2% and airline fares climbing 9.6%.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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