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%.
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Every year I’m grateful I don’t have to worry about gasoline or mortgage interest.
I just have to worry about my
feudalland lord wanting to renovict me to catch up with his rising mortgage and SUV costs.