US EditionCanada's annual inflation rate eases to 1.7% in July, core measures stay firm
Gasoline prices fell 16.1% year-over-year in July, lowering Canada's inflation to 1.7% despite ongoing rises in food and shelter costs, Statistics Canada reported.
- On Aug. 19, 2025, Statistics Canada said Canada’s annual inflation rate eased to 1.7% in July from 1.9% in June.
- Gasoline prices eased by 16.1% year-over-year in July, a larger drop than June's 13.4%, while carbon levy removal keeps pressure down on the CPI basket for eight months.
- Beyond energy, food prices rose 3.3%, shelter costs climbed 3%, and the CPI-median core measure increased to 3.1% in July from June.
- Money markets are betting the odds of a rate cut on Sept. 17 at 32%, two-year government bond yields fell 0.3 basis points to 2.735%, and the Canadian dollar weakened 0.11% to 72.37 U.S. cents.
- Ahead of its Sept. 17 rate decision, the Bank of Canada will parse the inflation figures closely, informing BoC policymakers’ assessment of changing inflation trends last month.
36 Articles
36 Articles
Economists split on BoC's next rate move after July inflation data (Business)
Economists say they found some encouraging signs in the latest inflation numbers but some warn the Bank of Canada might need a bit more convincing to cut its key interest rate next month. The annual rate of inflation fell to 1.7 per cent in July, Statistics Canada said Tuesday, down from 1.9 per cen...
Canada’s Inflation Slows to 1.7% in July as Fuel Costs Fall, Core Pressures Hold
Statistics Canada reported that annual consumer inflation slowed to 1.7 percent in July 2025, down from 1.9 percent in June. The decline was driven mainly by a 16.1 percent year-over-year drop in gasoline prices, following weaker global oil markets, higher supply, and the removal of a federal carbon levy. Excluding gasoline, prices rose 2.5 percent, […]
Inflation Slows to 1.7 Percent in July: StatCan
Canada’s inflation rate slowed to 1.7 percent on a year-over-year basis in July compared to 1.9 percent the month before, according to Statistics Canada. The agency said in its Aug. 19 report that lower gasoline prices led to the decline in the Consumer Price Index (CPI), falling 16.1 percent year over year in July, compared to a 13.4 percent decline in June. Excluding the fall in gas prices, the CPI rose by 2.5 percent in July, similar to incr…
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