Global markets: Canada’s inflation holds steady

By Commodity News Service Canada

WINNIPEG, July 22 – The following is a glance at the news moving markets globally.

CANADA’S ANNUAL INFLATION STEADY
The Consumer Price Index (CPI) rose 1.5 per cent in the 12 months to June, matching the gain in May, Statistics Canada said in a report on Friday.

Excluding gasoline, the CPI was up 1.9 per cent year-over-year in June, equal to the increase in May.

GERMAN PRIVATE SECTOR GROWTH HITS YEARLY-HIGH
Germany’s private sector growth has reached its highest level this year in June, according to reports on Friday.

Analysts say strong demand and a healthy labour market contributed to the advances.

CANADA’S RETAIL SALES UP IN MAY
Retail sales rose 0.2 per cent to C$44.3 billion in May. Higher sales at food and beverage stores and gasoline stations more than offset lower sales at motor vehicle and parts dealers, Statistics Canada said in a report on Friday.

Sales were up in six of 11 subsectors, representing 51 per cent of retail trade.

After removing the effects of price changes, retail sales in volume terms edged up 0.1 per cent in May.

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