Canada's CPI slows to 2.5% in Jul, CPI common down to 2.2%
Canada's CPI slowed to 2.5% yoy in July, down from 2.7% yoy in June, aligning with market expectations. This marks the slowest pace of inflation since March 2021. According to Statistics Canada, the deceleration in headline inflation was broad-based, with lower prices for travel tours, passenger vehicles, and electricity contributing to the overall decline.
Canada's CPI slowed to 2.5% yoy in July, down from 2.7% yoy in June, aligning with market expectations. This marks the slowest pace of inflation since March 2021. According to Statistics Canada, the deceleration in headline inflation was broad-based, with lower prices for travel tours, passenger vehicles, and electricity contributing to the overall decline.
