Statistics Canada to report how rebounding gas prices affected inflation in July
Statistics Canada said higher gas prices helped push annual inflation to 3.0%, giving the Bank of Canada its last price reading before Sept. 2.
- Statistics Canada will release inflation data for July reflecting recent economic changes.
- Economists polled by LSEG Data & Analytics expect the annual inflation rate to rise slightly from 2.8% in June to 2.9% in July.
- Gas prices fell in June due to progress in Iran peace talks, providing relief for Canadian drivers.
- Renewed conflicts in the Middle East likely caused gas prices and inflation to increase again in July, potentially reversing June's decreases.
52 Articles
52 Articles
Inflation rose to 3.3% in Quebec and 3.0% in Canada as a whole in July, according to Statistics Canada on Monday.
Canada’s July annual inflation accelerates to 3% as gasoline rebounds
By Promit Mukherjee OTTAWA, Aug 17 (Reuters) - Canada's annual inflation rate accelerated to 3% in July, slightly more than expected, as renewed United States-Iran tensions drove gasoline prices, while the cost of travel tours also rose, data showed o...
Here's a list of July inflation rates for Canadian provinces
OTTAWA — Canada's annual inflation rate was 3.0 per cent in July, Statistics Canada says. Here's what happened in the provinces (previous month in brackets): — Newfoundland and Labrador: 4.2 per cent (3.8) — Prince Edward Island: 4.0 per cent (3.
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