Canada's inflation rate increased to 3% in July as ongoing Middle East conflict pushed gasoline prices higher, while core inflation measures stayed below the central bank's target.

The consumer-price index rose 0.5% in July, bringing the annual inflation rate to 3%, Statistics Canada said.

By Promit Mukherjee OTTAWA, Aug 17 (Reuters) - Canada's annual inflation rate accelerated to 3% in July, slightly more than expected, as renewed United States-Iran tensions drove gasoline prices, ...

Higher gasoline prices pushed Canada’s inflation rate up to three per cent in July from 2.8 per cent in June, an increase ...

OTTAWA — July’s rebound in gas prices pushed the annual rate of inflation up to three per cent last month even as there were ...

Canada's inflation rate rose to three per cent in July, as renewed hostilities in the Middle East sent prices at the gas ...

Consumer inflation rose in July as gas prices increased, according to Statistics Canada, with the consumer price index ...

Canada’s annual inflation rate climbed to the top of the Bank of Canada’s target range in July, driven mainly by a sharp ...

The economy remains under pressure from US tariff threats, with no deal yet to prevent 50% tariffs taking effect on Aug 19.

Canada faces a three per cent inflation rate in July 2026, driven by increases in gasoline and grocery prices affecting consumer budgets.

Inflation accelerated to 3% in July, up from 2.8% in June, fuelled by another jump in gasoline prices. For now, higher energy ...