Is Inflation nearing a peak? Some economist think so...
Posted on Jul 21, 2022
Despite June’s headline CPI inflation reading rising to a near-40-year high, it was less than markets had expected.That could signal that inflation is finally nearing a peak, which would be welcome news to the Bank of Canada as it plans its next rate hike on September 7.In June, the Consumer Price Index (CPI) accelerated to an annual rate of 8.1%—i...
