19 July 2013

June 2013 – annual inflation rate isa little bit up

Last month Canada’s inflation rate was already closer to normal levels and reached 1.2%. Growing gas and auto prices pushed the inflation up into the Bank of Canada’s target range of 1%-3%, for the first time since February 2013.

According to the Bank of Montreal chief economist Doug Porter, the inflation rise from the previous low levels is actually welcome…

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