Canada: CPI grows 0.1% in July, 1.3% YoY

FXstreet.com (Córdoba) - The Canadian consumer price index grew 0.1% in July accumulating 1.3% year-over-year, a tad above the previous month's 0.0% and 1.2% readings. Market expectations were for a 0.2% rise MoM and 1.4% YoY in July.

The core rate, which excludes volatile components such as some food and energy, stood unchanged compared to the previous month but rose 1.4% over the year, which came in line with market expectations.