The Toronto skyline in Canada

Canada Inflation July 2020

Canada: Inflation eases in July

Consumer prices decreased 0.07% from a month earlier on a seasonally-adjusted basis in July, contrasting the 0.96% rise in June. According to Statistics Canada, a steep fall in recreation and education costs drove month-on-month dip in July, while transportation prices also fell slightly.

Inflation decreased to 0.2% in July (June: 0.7%). The print missed market analysts’ expectations of a 0.5% reading, and was well below the Central Bank’s 1.0%–3.0% target range. Meanwhile, annual average inflation ticked down to 1.3% in July from 1.5% the month prior.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest