Annual inflation 0.7 per cent in June, Statistics Canada says

Statistics Canada says the consumer price index for June was up 0.7 per cent compared with one year ago, ending a run of negative inflation that began in April in the wake of the COVID-19 pandemic. The consumer price index had registered two months of negative readings leading up to June, first with 0.2 per cent annualized decline in April, then a further 0.4 per cent drop in May. The average economist estimate from data firm Refinitiv forecasted an annualized inflation rate of 0.3 per cent for