Canada’s inflation rate slides to 1.8% amid a disinflationary base effect from last year’s sales tax holiday
Canada's inflation rate eased to 1.8% in February, the lowest since July last year.
The deceleration in headline CPI year-over-year growth rate can mostly be explained by the base effect resulted from the GST/HST holiday last year.
Canada inflation rebounds to 2.9% in May
CPI inflation in Canada rebounded to 2.9% YoY and 0.31% MoM in May 2024
UK retail sales drops 1.2% in June due to poor weather, election uncertainty
Monthly growth rate of UK retail sales volume fell 1.2% in June, after a 2.9% increase in the previous month.
