#CBC: “Canada’s annual inflation rate rises to 1.2% in July – Business”

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Increases in transportation and shelter indexes largely contributed to higher rate

The Canadian Press
Posted: Aug 18, 2017 8:57 AM ET
Last Updated: Aug 18, 2017 8:57 AM ET

Canada’s annualized inflation rate in July was 1.2 per cent, up from 1 per cent in June. Statistics Canada says the increase was in line with estimates.

In the 12 months leading up to July, prices were up in six of the eight major areas tracked, with the transportation and shelter indexes contributing the most to the year-over-year rise in the consumer price index.

The household operations, furnishings and equipment index, as well as the clothing and footwear index, declined on a year-over-year basis.

Consumer prices for food rose 0.6 per cent on a year-over-year basis in July, matching the gain in June.

More to come.

With files from CBC News

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Note: “Previously Published on: 18 August 2017 | 12:57 pm, as ‘Canada’s annual inflation rate rises to 1.2% in July – Business’ on CBC RADIO-CANADA. Here is a source link for the Article’s Image(s) and Content”.

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