{"id":81207,"date":"2025-08-19T12:46:09","date_gmt":"2025-08-19T12:46:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/81207\/"},"modified":"2025-08-19T12:46:09","modified_gmt":"2025-08-19T12:46:09","slug":"inflation-cools-to-1-7-in-july-thanks-to-lower-gas-prices","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/81207\/","title":{"rendered":"Inflation cools to 1.7% in July thanks to lower gas prices"},"content":{"rendered":"<p class=\"b-date-custom__date-item\">Updated:\u00a0August 19, 2025 at 8:42AM EDT<\/p>\n<p class=\"b-date-custom__date-item\">Published:\u00a0August 19, 2025 at 6:24AM EDT<\/p>\n<p class=\"c-paragraph\">Statistics Canada says the annual rate of inflation cooled to 1.7 per cent in July as lower gas prices led the decline from 1.9 per cent in June.<\/p>\n<p class=\"c-paragraph\">The agency says prices for gasoline were down 16.1 per cent year-over-year, thanks largely to the removal of the consumer carbon price.<\/p>\n<p class=\"c-paragraph\">Gas prices were also down 0.7 per cent on a monthly basis following an increase in production from oil-exporting countries and a ceasefire in the conflict between Israel and Iran.<\/p>\n<p class=\"c-paragraph\">There were signs of price pressure building for grocery bills last month as costs rose 3.4 per cent annually at grocery stores, up from 2.8 per cent in June.<\/p>\n<p class=\"c-paragraph\">Confectionary and coffee products saw big year-over-year price jumps in July, which StatCan said were tied to tough growing conditions in countries that produce cocoa and coffee beans.<\/p>\n<p class=\"c-paragraph\">Shelter inflation also saw its first increase since February of last year as rent price gains accelerated.<\/p>\n<p class=\"c-paragraph\">This report by The Canadian Press was first published Aug. 19, 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"Updated:\u00a0August 19, 2025 at 8:42AM EDT Published:\u00a0August 19, 2025 at 6:24AM EDT Statistics Canada says the annual rate&hellip;\n","protected":false},"author":2,"featured_media":81208,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,46],"class_list":["post-81207","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-ca","tag-canada","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/81207","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=81207"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/81207\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/81208"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=81207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=81207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=81207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}