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8/19/2016, 2:43 PM (Source: TeleTrader)
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Canada: Consumer prices up 1.3% in July

Consumer prices in Canada rose 1.3% in the year ending in July, after a rise of 1.5% in June, Statistics Canada reported on Friday.

Prices in the consumer price index were higher in 6 out of 8 key categories: passenger vehicles rose 5.4%, city bus and subway transportation index increased by 2.1%. Food prices were up 1.6%, with cost of food bought in stores rising 1.1% in the period.

Gasoline prices plunged 14.0% for 12 months ending in July, after falling 8.5% in June. Even on monthly level, prices fell 5.6%.

Recreation, education and reading index increased 1.9%. A notable was rise of 5.0% for video and audio subscription services in July.

On the seasonally adjusted basis, the CPI was unchanged in July, following a rise of 0.2% in June.

The Bank of Canada's core index increased 2.1% in the 12 months to July, to match the rise in June. "The seasonally adjusted core index edged up 0.1% on a monthly basis in July, following a 0.2% gain in June," said Statistics Canada.

Breaking the News / ZR