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12-month change:

  1. The Consumer Price Index (CPI) rose 1.0% in the 12 months to June, after increasing 0.9% in May.
  1. Lower energy prices continued to moderate the year-over-year rise in the CPI, however the effect was less pronounced than in April and May. Excluding energy, the CPI was up 2.1% in the 12 months to June, after increasing 2.2% in May.
  1. Prices were up in seven of the eight major components on a year-over-year basis in June, with the rise in the CPI being led by higher prices for food. An increase in the shelter index also contributed to higher consumer prices. The transportation index, which includes gasoline, recorded its eighth consecutive year-over-year decline.
  1. Consumer prices rose in nine provinces in the 12 months to June, with Saskatchewan posting the largest increase. Prince Edward Island’s CPI registered its seventh consecutive year-over-year decrease. Every province recorded a smaller year-over-year decline in the energy index in June, compared with May.

Month-to-month change:

  1. On a seasonally adjusted monthly basis, the CPI rose 0.4% in June, matching the increase in May.
  1. On a monthly basis and before seasonal adjustment, the CPI rose 0.2% in June, after increasing 0.6% in May.

Bank of Canada’s core index:

  1. The Bank of Canada’s core index was up 2.3% in the 12 months to June. This increase followed a 2.2% rise in May.

Main contributors to the 12-month change in the CPI:

Main upward contributors:

  1. Meat (+6.6%)
  2. Purchase of passenger vehicles (+2.0%)
  3. Food purchased from restaurants (+2.7%)
  4. Homeowners’ home and mortgage insurance (+9.2%)
  5. Telephone services (+3.9%)

Main downward contributors:

  1. Gasoline (-14.1%)
  2. Natural gas (-10.9%)
  3. Fuel oil (-17.8%)
  4. Mortgage interest cost (-0.8%)
  5. Women’s clothing (-1.1%)

Main contributors to the monthly change in the CPI, not seasonally adjusted:

Main upward contributors:

  1. Gasoline (+6.0%)
  2. Traveller accommodation (+6.8%)
  3. Natural gas (+3.2%)
  4. Air transportation (+1.8%)
  5. Homeowners’ home and mortgage insurance (+1.2%)

Main downward contributors:

  1. Women’s clothing (-2.9%)
  2. Men’s clothing (-3.6%)
  3. Purchase of passenger vehicles (-0.4%)
  4. Travel tours (-3.2%)
  5. Footwear (-1.3%)
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