Energy price increases drove raw materials, industrial prices up
Base metal price outlook weaker, precious metals stronger
Despite headline declines, core inflation proving resilient
Policymakers said they "need to see more data" to be sure inflation pressures are abating
Annual rate falls to 6.8% largely driven by lower energy prices, according to Office for National Statistics
Corporate balance sheets face pressure from rising interest costs
Housing markets have settled down in recent months with prices moderating
Core measures of inflation eased slightly last month
But higher interest rates are weighing on economic activities dependent on credit
An increase in July's report probably wouldn't be a complete surprise to the Bank of Canada