Canada's Inflation Rate Eases to 3.4% in July

Guavy AI Editorial Team Published August 12, 2026

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CAD

The latest Consumer Price Index (CPI) report released by Statistics Canada shows that inflation eased in July to 3.4%.

This marks a decrease from June's 3.8%, which was still higher than the Bank of Canada's target range of 1-3%

The decrease in inflation is attributed to lower prices for gasoline, food, and shelter

The Wire

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