Canada: CPI rose 1.0% on a year-over-year basis in June, following a 1.3% gain in May

"The Consumer Price Index (CPI) rose 1.0% on a year-over-year basis in June, following a 1.3% gain in May," the Statistics Canada said today.

Key highlights:

• Energy prices decreased in the 12 months to June, after increasing in May. At the same time, prices for food rose year over year in June, following a small decline in May.
• Excluding food and energy, the CPI was up 1.4% on a year-over-year basis in June, matching the gain in May.
• On a seasonally adjusted monthly basis, the CPI was unchanged in June, after declining 0.2% in May.