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Canada’s inflation rate cooled in July, with headline CPI rising 1.7% year-over-year, down from 1.9% in June.

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Investing.com - Canada’s annual inflation rate fell to 1.7% in July, down from 1.9% in June, primarily due to a 16.1% year-over-year decline in gasoline prices, according to data released Wednesday.

Consumer Prices Index inflation increased to 3.8% in July, from 3.6% in June, the Office for National Statistics said.

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Canada's annual inflation rate eased to 1.7% in July from 1.9% in the prior month, helped by lower gasoline prices, while 3-month annualized measures of underlying inflation that the BoC closely ...