👉Inflation in Canada slowed to 2.7% in June, down from 2.9% in May, largely due to a 3.1% drop in gasoline prices, according to Statistics Canada. Despite this overall decline, grocery prices are rising again, signaling renewed pressure at the checkout. Travel tour prices fell by 11.1% monthly, and cellular service costs dropped by 12.8% annually. Durable goods, such as passenger vehicles and furniture, saw price decreases due to improved inventory and eased supply chains. Higher interest rates are also curbing consumer spending, contributing to the price drops.✅ . 𝐔𝐧𝐥𝐨𝐜𝐤 𝐲𝐨𝐮𝐫 𝐝𝐫𝐞𝐚𝐦 𝐡𝐨𝐦𝐞 𝐰𝐢𝐭𝐡 𝐌𝐚𝐧𝐨𝐣 𝐊𝐚𝐫𝐚𝐭𝐡𝐚, 𝐚𝐧 𝐚𝐰𝐚𝐫𝐝-𝐰𝐢𝐧𝐧𝐢𝐧𝐠 𝐑𝐞𝐚𝐥𝐭𝐨𝐫 𝐢𝐧 𝐎𝐧𝐭𝐚𝐫𝐢𝐨. 𝐂𝐚𝐥𝐥: +𝟏 (𝟔𝟒𝟕) 𝟐𝟐𝟔-𝟐𝟔𝟔𝟓 𝐄𝐦𝐚𝐢𝐥: 𝐦𝐚𝐧𝐨𝐣@𝐭𝐡𝐞𝐜𝐚𝐧𝐚𝐝𝐢𝐚𝐧𝐡𝐨𝐦𝐞.𝐜𝐨𝐦 @manojkaratha_realtor . . #Inflation #CanadaEconomy #GroceryPrices #GasPrices #ConsumerSpending #CPI #EconomyUpdate #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Canada's inflation rate rose to 2.9% in May, surprising economists who anticipated a decline from April's 2.7%, according to Statistics Canada. The rise was driven mainly by increased costs in services, particularly cellphone services, travel tours, rent, and air transportation, which saw a 4.6% hike. This unexpected increase disrupts the trend of cooling inflation seen earlier this year and has led financial markets to lower expectations of a rate cut in July to below 50%. The Bank of Canada, which recently cut interest rates for the first time in four years, has indicated that future rate decisions will depend on economic data.✅ . 𝐒𝐞𝐜𝐮𝐫𝐞 𝐲𝐨𝐮𝐫 𝐝𝐫𝐞𝐚𝐦 𝐡𝐨𝐦𝐞 𝐰𝐢𝐭𝐡 𝐍𝐞𝐞𝐧𝐚 𝐕𝐚𝐫𝐠𝐡𝐞𝐬𝐞, 𝐎𝐧𝐭𝐚𝐫𝐢𝐨'𝐬 𝐦𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐞𝐱𝐩𝐞𝐫𝐭. 𝐂𝐚𝐥𝐥: +𝟏 (𝟒𝟑𝟕) 𝟗𝟖𝟐-𝟎𝟖𝟎𝟒 @neena.robin . . #CanadaInflation #EconomicUpdate #StatisticsCanada #CPI #BankOfCanada #InflationRise #FinancialNews #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Canada's annual CPI inflation fell to 2.7% in April from 2.9% in March, aligning with market expectations, according to Statistics Canada. Monthly, the CPI rose 0.5%, while core CPI, excluding food and energy, remained unchanged. The Bank of Canada's core CPI increased by 1.6% annually, down from 2% in March. In response, the USD/CAD rose slightly, up 0.1% to 1.3638.✅ . 𝐁𝐞𝐬𝐭 𝐈𝐧𝐝𝐢𝐚-𝐂𝐚𝐧𝐚𝐝𝐚 𝐟𝐥𝐢𝐠𝐡𝐭 𝐝𝐞𝐚𝐥𝐬 𝐚𝐰𝐚𝐢𝐭! 𝐑𝐚𝐡𝐦𝐚𝐧 𝐓𝐫𝐚𝐯𝐞𝐥 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 (𝟔𝟒𝟕) 𝟖𝟖𝟗-𝟐𝟕𝟕𝟔, 𝟗𝟎𝟓-𝟒𝟏𝟐-𝟐𝟕𝟖𝟕 𝐬𝐚𝐥𝐞𝐬@𝐫𝐚𝐡𝐦𝐚𝐧𝐭𝐫𝐚𝐯𝐞𝐥𝐬𝐞𝐫𝐯𝐢𝐜𝐞𝐬.𝐜𝐨𝐦 @rahmantravelservices . . #CanadaInflation #CPI #EconomicUpdate #StatisticsCanada #BankofCanada #USD #CAD #FinancialNews #mnm #malayalisnearmeapp #canadaupdate #canadanews