this post was submitted on 18 Jul 2023
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Statistics Canada says Canada’s inflation rate tumbled to 2.8 per cent in June, putting it within the Bank of Canada’s target range. (lemmy.ca)
submitted 11 months ago by [email protected] to c/[email protected]
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Excluding gasoline, headline inflation would have been 4.0% in June, following a 4.4% increase in May.

Canadians continued to see elevated grocery prices (+9.1%) and mortgage interest costs (+30.1%) in June, with those indexes contributing the most to the headline CPI increase.

The all-items excluding food index rose 1.7% and the all-items excluding mortgage interest cost index rose 2.0%.

https://www150.statcan.gc.ca/n1/daily-quotidien/230718/dq230718a-eng.htm?HPA=1

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[–] [email protected] 2 points 11 months ago

Yes, a grocery store contains thousands of items, and as always, inflation hits the necessities worst, and luxuries the least (because demand for the latter is "elastic").