In June 2012, Canada’s Consumer Price Index rose 1.5% year-over-year, a modest increase led primarily by higher costs for electricity and passenger vehicles. Surprisingly, gasoline prices declined, while electricity surged 5.9% due to rate hikes in Ontario, Alberta, and B.C. The Bank of Canada’s core inflation index climbed to 2.0%, matching its policy threshold and signaling potential future interest rate changes. This post includes full Stats Canada CPI tables and a breakdown of which sectors saw the most price movement. Though the data is historical, it remains valuable for understanding how inflation drivers shift over time and how energy costs can influence broader economic policy.
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