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Canada Consumer Price Index, July 2025
The Consumer Price Index (CPI) rose 1.7% on a year-over-year basis in July, down from a 1.9% increase in June. Prices for gasoline led the slowdown in the all-items CPI, falling 16.1% year over year in July, following a 13.4% decline in June. Excluding gasoline, the CPI rose 2.5% in July, matching the increases in May and June. Moderating the deceleration in July were higher prices for groceries and a smaller year-over-year decline in natural gas prices compared with June. The CPI rose 0.3% month over month in July. On a seasonally adjusted monthly basis, the CPI was up 0.1%. Year over year, gasoline prices continued ... (full story)
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Inflation in Canada slows more than expected to 1.7% in July
Canada’s inflation rate slowed in July, with the Consumer Price Index (CPI) registering 1.7 per cent growth annually, according to Statistics Canada data released Tuesday. Financial industry experts had expected inflation to cool slightly to 1.8 per cent, according to consensus estimates published by BMO Economics. In a note last Friday, economist Benjamin Reitzes argued that the Bank of Canada “needs to see at least a couple of months (and probably three) of decelerating inflation before further rate cuts are on the table.” In June, CPI increased to 1.9 per cent from 1.7 per cent the month before. Prices of ... (full story)
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