Topic: #gas-prices

Higher Gas Prices Contribute to July Inflation Increase, Falling Short of 2026 Rate Hike Trigger

Increased gas prices contributed to a rise in inflation rates during July, according to a report by Morningstar. However, the increase did not reach levels that would trigger an interest rate hike in 2026. The Consumer P

1d agoinflationgas-prices

Inflation in Canada Rises to 3% Due to Gas Price Rebound

Canada's inflation rate increased to 3% in July, according to Statistics Canada (StatCan). The surge was primarily driven by a rebound in gas prices. This marks the highest annual inflation rate since January 2019. The i

1d agoinflationgas-prices

Canadian Inflation Rate Hits 3% in July Due to Rising Gas Prices

The inflation rate in Canada increased to 3% in July, marking a significant jump from the previous month's rate of 2.4%. The rise can be attributed to a surge in gas prices, which have been on an upward trend for several

1d agocanadainflation