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Canada inflation eases to 1.7%, driven by falling gas prices
Out of 10 Canadian provinces, six saw prices rising at a slower year-over-year pace in July compared with June. Nova Scotia’s inflation held steady. Quebec, Prince Edward Island and Newfoundland and Labrador saw higher inflation in July, with the latter experiencing the most acceleration, mainly due to higher electricity prices.
Canada’s inflation rate slows to 1.7% in July, raising odds of BoC rate cut
Canada’s inflation rate fell to 1.7 per cent in July, slowing slightly more than expected and easing some fears about sticky price growth. Statistics Canada’s consumer price index report on Tuesday said the deceleration was led by a decline in gasoline prices, which reflected the removal of the consumer carbon price.
The Canadian Press on MSN21h
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Inflation eased slightly in July, but core measures remain sticky, leaving economists doubtful the Bank of Canada will change ...
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Canada CPI expected to tick higher on monthly basis in July amid uncertainty from US tariff impact
Statistics Canada will issue the Consumer Price Index (CPI) for July on Tuesday. This will attract the market's attention ...
The consumer-price index rose a slightly hotter-than-anticipated 0.6% for the month to leave annual inflation unchanged at an as-expected 1.7%, a second straight month below the Bank of Canada’s ...
Consumer inflation in Canada rose by less than expected in July, according to Statistics Canada, as falling gasoline prices offset price increases elsewhere.
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