The Americas

Canada inflation rises to 1.3% in July

Canadian consumer prices rose 1.3 percent in July, led by higher new car and gasoline prices, the government statistical agency said Friday.

Canadian consumer prices rose 1.3 percent in July, led by higher new car and gasoline prices, the government statistical agency said Friday.  (AFP/File)

Canadian consumer prices rose 1.3 percent in July, led by higher new car and gasoline prices, the government statistical agency said Friday.

The reading marked a small increase in inflation from June.

Statistics Canada said natural gas prices and rents increased year-over-year, while mortgage interest cost declined. Prices of fresh fruit and vegetables and meat were also up.

Healthcare costs, meanwhile, continued to fall for a fourth consecutive month due to lower prescription drug costs, following more than a decade of price increases.

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