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Canada's Inflation Rises to 1.9% Amid Rent Surge

7/17/2025

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Summary

Story summary

Canada's inflation rate increased to 1.9% in June, up from 1.7% in May, influenced by stable gasoline prices and higher durable goods costs.
Core inflation remains steady at approximately 3%, reflecting ongoing price pressures.
Economists predict the Bank of Canada will keep interest rates at 2.75% in the upcoming July 30 meeting.
Rent and mortgage costs significantly impacted inflation, with rent rising by 4.7% year-over-year.

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Story summary

Canada's inflation rate increased to 1.9% in June, up from 1.7% in May, influenced by stable gasoline prices and higher durable goods costs.
Core inflation remains steady at approximately 3%, reflecting ongoing price pressures.
Economists predict the Bank of Canada will keep interest rates at 2.75% in the upcoming July 30 meeting.
Rent and mortgage costs significantly impacted inflation, with rent rising by 4.7% year-over-year.