Inflation rate 1.3% in July amid lower fuel prices, higher food costs: Statcan
OTTAWA — The country’s annual inflation rate was 1.3 per cent in July as Canadians paid more for shelter and food but less for fuel, Statistics Canada said Friday.
This overall inflation number in the federal agency’s latest consumer price index came in a little weaker than the 1.5 per cent year-over-year increase in June.
Prices climbed in most major categories compared with 12 months earlier, with the cost of shelter and food items generating the biggest upward nudges on inflation, the report said.
For example, the index found that Canadians paid 9.8 per cent more for potatoes last month compared with July 2015, 10.3 per cent more for fresh or frozen fish and 15.6 per cent more for apples.