Skip to content
Subscriber Only

Canada Inflation Slows to 2.1% in July on Gasoline Prices

Canada’s inflation rate slowed for the first time in five months in July, supporting policy maker views that recent price pressures were temporary and didn’t reflect tightening slack in the economy.

Annual consumer price inflation slowed to 2.1 percent in July following June’s 2.4 percent pace, which was the highest in two years, Statistics Canada said today from Ottawa. The core rate, which excludes more volatile items such as gasoline, also slowed.