By Andy Blatchford, The Canadian Press, July 21, 2017
OTTAWA — The annual pace of inflation slowed once again last month as lower gasoline and electricity prices helped offset higher costs in most other categories, Statistics Canada said Friday.
Overall, the agency’s latest inflation report found that prices were one per cent higher in June compared to a year earlier.
The June number followed inflation readings of 1.3 per cent in May and 1.6 per cent in April.
Last month’s inflation figure matched expectations from a consensus of economists that had predicted a reading of one per cent, according to Thomson Reuters.