Food inflation registers nine per cent

Statistics Canada reported that food prices were nine per cent higher this June than a year ago.

But mortgage rates were 30 per cent higher.

Gasoline came down and was the main factor in an overall decline in the inflation rate to 2.8 per cent compared with 3.4 per cent last month.

The Bank of Canada aims to keep inflation below two per cent.

It hit a high of 8.1 per cent in June of last year.