The pace of inflation has accelerated in June to the country, according to Statistics Canada, especially because consumers have paid more for certain lasting goods such as new and used vehicles.
The consumer price index increased by 1.9 % from one year to the next year in June in Canada, which represents an acceleration compared to the annual increase of 1.7 % observed in May.
Statistics Canada stressed that the consumer price index has increased at a higher rate in eight provinces. In Quebec, annual inflation was 2.2 % last month, after being 1.7 % in May.
According to the Federal Agency, petrol prices remained practically unchanged in June, but a faster drop in prices at the same period last year led to an increase in overall inflation.
By excluding energy, annual inflation was 2.7 % in June. The abolition of federal carbon pricing on consumption, at the beginning of April, continues to weigh on annual price comparisons.
The annual increase in food prices slowed down slightly, from 3.4 % in May to 2.9 % in June. Statistics Canada noted that this slowdown is largely attributable to the prices of fresh vegetables, which decreased by 3.1 % over a year.
The prices of motor vehicles displayed an increase of 4.1 %, compared to 3.2 % in May. The prices of second -hand vehicles experienced their first increase from one year to 18 months in 18 months, while stocks were more limited.
The inflation of housing prices continued to slow down, falling from a tenth of a percentage point to stand at 2.9 % in June.
Furniture prices increased faster in June, under the effect of a general acceleration of the increase in lasting goods.
Data for the month of June constitute the last overview that the Bank of Canada will collect before its next decision on interest rates on July 30.
The measures of underlying inflation privileged by the Central Bank have not shown any signs of slowdown in June, is now around 3 %.
Economists who participated in a Reuters survey before the publication of data expected a 1.9 % increase in the consumer price index last month.