The Consumer Price Index (CPI) rose 1 per cent in the 12-months to June, a slight acceleration from the 0.9 per cent inflation registered in May. Excluding a 9 per cent decline in energy prices, CPI was up 2.1 per cent year-over-year. Inflation measured by the Bank of Canada's core CPI index, which excludes fuel, food and other volatile components, continued to trend above the Bank's 2 per cent target, posting and increase of 2.3 per cent in June. In BC, inflation registered just 0.8 per cent in the twelve months to June.
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