WS News
20 Jul 2026, 13:25
Canada’s Inflation Cools Sharply in June, Reinforcing Expectations for Policy Easing
Canada’s inflation slowed more than expected in June, adding to evidence that price pressures continue to ease and strengthening expectations that the Bank of Canada could have room to further ease monetary policy.
Headline consumer prices fell 0.4% month over month, a larger decline than the expected 0.2% decrease, following a 1.0% increase in May. The softer reading points to a notable moderation in inflationary pressures after the previous month’s strong rebound.
Underlying inflation also cooled significantly. Core CPI increased just 0.1% from the previous month, slowing sharply from May’s 0.6% gain.
Canada’s inflation slowed more than expected in June, adding to evidence that price pressures continue to ease and strengthening expectations that the Bank of Canada could have room to further ease monetary policy.
Headline consumer prices fell 0.4% month over month, a larger decline than the expected 0.2% decrease, following a 1.0% increase in May. The softer reading points to a notable moderation in inflationary pressures after the previous month’s strong rebound.
Underlying inflation also cooled significantly. Core CPI increased just 0.1% from the previous month, slowing sharply from May’s 0.6% gain.