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Canada inflation eases to 2.8 percent in June, Mohamed A. El-Erian notes

Canada inflation eases to 2.8 percent in June, Mohamed A. El-Erian notes
Canada inflation cools to 2.8 percent

Mohamed A. El-Erian, president at Queens' College, University of Cambridge, reports that headline inflation in Canada cooled to 2.8 percent in June, down from 3.2 percent in May.

He highlights that this reading was driven by a 0.4 percent monthly decline in the CPI index and positions Canada among advanced economies seeing softer-than-expected inflation.

El-Erian has recently focused on major inflation indicators in global markets. He previously noted that closely watched U.S. May PCE inflation data was set for release, pointing to significant attention from investors and the Federal Reserve. In another appearance, El-Erian discussed current economic and market trends on CNBC, including the role of Fed policy.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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