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Canada’s inflation rate slows to 1.7% in July, raising odds of BoC rate cut
Canada’s inflation rate fell to 1.7 per cent in July, slowing slightly more than expected and easing some fears about sticky price growth. Statistics Canada’s consumer price index report on Tuesday said the deceleration was led by a decline in gasoline prices, which reflected the removal of the consumer carbon price.
July’s Consumer Price Index report showed an acceleration in “core” prices that strip out volatile food and energy items.
The Bank of England expects the rate, which measures how quickly prices are rising, to peak at 4% in September.
The stock markets were unanimously pleased with the latest CPI inflation print. Check out my key takeaways from the latest ...
Consumer prices were up 2.7% in July from a year earlier, unchanged from June’s gain ...
Inflation is expected to have risen to its highest level since January last year under official figures due to be published ...
After somewhat positive inflation data in July, the chances of the Federal Reserve cutting interest rates in September are at ...
Consumer price inflation in France was stable in July and met analysts' expectations and the preliminary reading, statistics ...
The cost of wholesale goods and services — where rising inflation tends to show up first — in July posted the biggest ...
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