Canadian Consumer Price Index matches expectations

The July consumer price index rose by 1.2% on yearly basis, in line with expectations, compared with June's reading which rose by 1%. While the core index rose by 0.1%, and on yearly basis rose by 0.9%.
Excluding fuel and food prices, prices rose by 1.5% on yearly basis from 1.4%. Fuel prices fell by 0.6% on monthly basis and 0.3% year-on-year, while food prices rose by 0.6% yearly.
The recent appreciation of the Canadian dollar will have a significant impact on inflationary over the next few months, and this will be an important factor on inflation expectations from the Bank of Canada.