Canada’s inflation rate slows in July despite price gains in food, rent, travel

OTTAWA – Canada’s year-over-year inflation rate slowed to 7.6 per cent in July, with the deceleration largely driven by a decline in gas prices even as prices for food, rent and travel continued to rise. Economists had pointed to the nearly 40-year-high of 8.1 per cent in June as a likely peak to the overall inflation rate, which had … Continue reading Canada’s inflation rate slows in July despite price gains in food, rent, travel