Close X
Thursday, January 16, 2025
ADVT 
National

Annual Inflation Increased 1.5% In June Amid Low Fuel Prices: Statistics Canada

Darpan News Desk The Canadian Press, 22 Jul, 2016 12:05 PM
    OTTAWA — The country's annual inflation rate rang in at 1.5 per cent last month — with lower fuel prices helping to offset higher consumer costs for cars, electricity and air travel, Statistics Canada said Friday.
     
    Shelter and household items registered the biggest gains of the major categories of Statistics Canada's consumer price index.
     
    If gasoline prices at the pump were excluded, Canada's national inflation rate would have been 1.9 per cent last month.
     
    Statistics Canada says Newfoundland and Labrador had the highest inflation rate of any province in June at 2.4 per cent, an increase that followed its 1.5 per cent rate the previous month, and was mostly due to higher pump prices.
     
    Nationally, Canada's consumers paid 1.3 per cent more for food items last month compared with a year earlier. For example, prices rose for apples by 19.7 per cent, fresh and frozen fish by 7.4 per cent and lettuce by 5.5 per cent.
     
     
    Canadians also paid 5.5 per cent more for cigarettes and 1.1 per cent more for alcohol, Statistics Canada said.
     
    Overall, the 1.5 per cent headline for June reading stayed within the Bank of Canada's ideal target range and matched the 1.5 per cent inflation rate for May.
     
    The annual core inflation rate, which leaves out some volatile items such as gasoline prices and is watched closely by the Bank of Canada, was 2.1 per cent last month. That also matched the May reading.
     
    Economists had expected a slightly lower headline inflation rate at 1.4 per cent, according to Thomson Reuters.
     
    Statistics Canada also released its latest figures for retail trade, which showed a 0.2 per cent increase in May compared to the previous month. Total retail sales in May were nearly $44.3 billion.
     
    The increase in retail sales were lower in May than in April, when they rose a revised 0.8 per cent.

    MORE National ARTICLES

    Bylaw Charges Laid Against Calgary Officer After Police Dog Bites Boy

    Bylaw Charges Laid Against Calgary Officer After Police Dog Bites Boy
    CALGARY — A Calgary police dog handler faces charges after his canine escaped from his yard and bit a 12-year-old boy.

    Bylaw Charges Laid Against Calgary Officer After Police Dog Bites Boy

    Delayed Victoria Bridge Project Spans Continents, Cultural Issues

    Delayed Victoria Bridge Project Spans Continents, Cultural Issues
    VICTORIA — It's less than 100 metres long, but costs and delays have ballooned for Victoria's Johnson Street Bridge replacement project in a cautionary tale involving standards for steel and a cultural divide that spans continents.

    Delayed Victoria Bridge Project Spans Continents, Cultural Issues

    Toronto Bar Pays Tribute To Site Of Orlando Shooting With Replica Of Pulse Logo

    Toronto Bar Pays Tribute To Site Of Orlando Shooting With Replica Of Pulse Logo
      The idea came from Rob Shostak, a Toronto-based designer who works for an architectural firm.

    Toronto Bar Pays Tribute To Site Of Orlando Shooting With Replica Of Pulse Logo

    Federal Labour Minister Would Cheer End Of Temporary Foreign Workers Program

    Federal Labour Minister Would Cheer End Of Temporary Foreign Workers Program
    The federal Liberal cabinet minister says she meant it as a joke — but Mihychuk is nonetheless standing by her message that she hopes one day soon, the program will no longer be necessary.

    Federal Labour Minister Would Cheer End Of Temporary Foreign Workers Program

    Young Voter Turnout Jumped Sharply In 2015 Contest, Elections Canada Reports

    Young Voter Turnout Jumped Sharply In 2015 Contest, Elections Canada Reports
    The agency says voter participation among those aged 18 to 24 rose by 18.3 percentage points to 57.1 per cent, up from 38.8 per cent in 2011.

    Young Voter Turnout Jumped Sharply In 2015 Contest, Elections Canada Reports

    Visa Accuses Walmart Of Using Consumers As Pawns To Strike Cost-Saving Deal

    Visa Accuses Walmart Of Using Consumers As Pawns To Strike Cost-Saving Deal
    MONTREAL — Visa is accusing Walmart of using consumers as pawns in its battle over merchant fees by threatening to ban the popular credit card from its Canadian stores.

    Visa Accuses Walmart Of Using Consumers As Pawns To Strike Cost-Saving Deal