cg220816a002 eng

Inflation down to 7.6% on year-over-year basis in July

eAwaz Local News

Ottawa – The Consumer Price Index (CPI) rose 7.6% on a year-over-year basis in July, down from an 8.1% gain in June. The deceleration was a result of slower year-over-year growth in gasoline prices. Excluding gasoline, prices rose 6.6% year over year in July, following a 6.5% increase in June, as upward pressure on prices remained broad-based. On a monthly basis, the CPI rose 0.1% in July, …