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Consumer prices rise slightly in June

Published by Stephanie Brooks on July 20, 2012

Consumer prices in Canada rose slightly in June to 1.5 per cent, according to numbers released for the Consumer Price Index today by Statistics Canada.

This follows a 1.2 per cent gain the previous month, led by higher prices for the purchase of passenger vehicles and electricity.

Prices for the purchase of passenger vehicles increased almost four per cent year-over-year in June, after rising 1.7 per cent in May. The June increase was due to less discounting by manufacturers compared to June 2011.

The cost of electricity increased almost six per cent year-over-year in June, primarily a result of increases in Ontario, Alberta, and British Columbia.

 

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