Inflation rate rose to 3% in July as gas prices climbed again

2 days ago 56

Business·Breaking

The increase comes after a slight dip in overall inflation in June.

Increase comes after slight dip in overall inflation in June

CBC News

· Posted: Aug 17, 2026 8:39 AM EDT | Last Updated: 10 minutes ago

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

Economists polled ahead of the release expected the annual rate of inflation to tick up to 2.9 per cent last month, after cooling to 2.8 per cent in June, according to LSEG Data & Analytics.