Dropdown arrow

Date Published: July 15, 2025

Canadian prices, as measured by the Consumer Price Index (CPI), rose 1.9 per cent on a year-over-year basis in June, up from a 1.7 per cent increase in May. Month-over-month, on a seasonally adjusted basis, the CPI was up 0.2 per cent in June.

Upward pressure on headline inflation was largely driven by a slower fall in gasoline prices year-over-year compared to May, along with higher price growth for durable goods (2.7 per cent). Additionally, shelter price growth continues to cool, with prices growing by 2.9 per cent in June, slightly down from 3.0 per cent in May.

Furthermore, the CPI excluding energy rose by 2.7 per cent in June. Food purchased in grocery stores rose at a slower pace of 2.8 per cent year-over-year compared to 3.3 per cent the previous month. In British Columbia, consumer prices rose 2.1 per cent year-over-year in June, down from 2.3 per cent in May.

The Bank of Canada's preferred measures of inflation—median and trimmed CPI, which strip out volatile components—are currently at 3.1 per cent and 3.0 per cent year-over-year, respectively.

Outlook and Policy Implications

June's CPI report illustrates ongoing upward pressure on prices despite monthly fluctuations in headline inflation. The Bank of Canada's core measures of inflation remain at the upper end—and even outside—of their target range, likely due to the price impacts of tariffs on major Canadian industries.

Moreover, Canada remains vulnerable to further price acceleration with renewed tariff threats from the United States. Taken together, this report favours a rate hold from the Bank during its July meeting, as they have repeatedly signalled hesitancy to enact policy that may accelerate inflation beyond neutral levels amidst immense uncertainty concerning trade policy.

MLS® Listings in North Vancouver | Homes for Sale

Sort by:

Canadian Inflation (June 2025) – July 15, 2025

Outlook and Policy Implications

Browse Other North Vancouver Communities

MLS® Listings in North Vancouver | Homes for Sale

$670,000

630 Roche Point Drive 315, North Vancouver

$569,000

2004 Fullerton Avenue 807, North Vancouver

$1,799,900

545 W 22nd Street, North Vancouver

$1,925,000

1231 Cloverley Street, North Vancouver

$1,099,000

900 W 17th Street 31, North Vancouver

$1,418,800

3596 Salal Drive 40, North Vancouver

$2,299,000

2108 Berkley Avenue, North Vancouver

$2,399,000

563 E 6th Street, North Vancouver

$899,000

1327 E Keith Road 803, North Vancouver

$1,499,000

1118 Cloverley Street, North Vancouver

$848,000

123 E 6th Street 303, North Vancouver

$1,699,000

2070 Curling Road 134, North Vancouver

$3,578,000

517 Granada Crescent, North Vancouver

$610,000

1401 Hunter Street 602, North Vancouver

$2,799,000

338 W 17th Street, North Vancouver