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BREAKING: CAD muted as Canada CPI inflation accelerates to 8.10 % YoY in June

1:35 PM 20 July 2022

Canada’s annual inflation rose to  8.10% YoY in June from 7.7% in May , the highest since January 1983, however below market expectations of 8.4%.

Core consumer prices in Canada increased to record 6.20% in June form 6.1% YoY in May, below analysts forecasts of 6.7%.

USDCAD saw relatively small reaction to today’s data release. The most popular currency pair continued to trade around 1.2885 level. Source: xStation5

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