08/24/2026
Canada’s inflation rate edged higher in July, but much of the increase appears temporary. Higher gas and travel costs drove the rise, while underlying price pressures remained close to the Bank of Canada’s 2% target.
With core inflation still near target, the increase is unlikely to change the Bank’s plans to hold interest rates steady for the rest of the year.
Read our latest Market Monitor for the full analysis: https://thecmigroup.ca/press-room/headline-inflation-creeps-higher/