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

CBC News · August 17, 2026 at 8:39 a.m.

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

The resumption of hostilities in the Middle East in July sent gas pump prices back up, after a brief ceasefire cooled them in June.

Inflation for food bought from stores cooled in July, with fresh vegetable and chicken prices driving the decline.

Read the full article on CBC News ›

5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on www.cbc.ca — the content belongs to CBC News.

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