facebook
twitter
rss
account
search
search
 

Inflation, still modest, edged higher in Canada in July

Aug. 23, 2013 at 10:50 AM   |   Comments

OTTAWA, Aug. 23 (UPI) -- The annual inflation rate in Canada rose 1.3 percent in July from 1.2 percent in June, Statistics Canada said Friday.

Higher costs for transportation pushed the index higher, the data agency said.

On a 12-month basis, transportation costs rose 2.7 percent after a 2 percent gain in June.

Gasoline was a large part of the increase. The price for gasoline is 6.1 percent higher on an annual basis, a jump from June's 4.6 percent increase.

Gasoline inflation varied across Canada. On Prince Edward Island, with the sharpest gain, the price for gasoline in July on an annual basis rose 13.9 percent. That contrasts with Saskatchewan, where prices rose the least at 2.7 percent.

Also under transportation, the price for passenger vehicles rose 2 percent in the 12 months to July, unchanged from June.

Among major components, shelter costs rose 1.3 percent in the 12 months to July. Food prices over the same period rose 0.8 percent after climbing 1.2 percent in June.

Costs for health and personal care fell for the fourth consecutive month on a year-over-year basis.

StatCan said prices for alcoholic beverages and tobacco rose 2.1 percent on an annual basis. Prices for clothing rose about 1.6 percent.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Navy's Triton surveillance drone flies cross-country Navy's Triton surveillance drone flies cross-country
2
Ukraine's State Guard Service receives armored personnel carriers Ukraine's State Guard Service receives armored personnel carriers
3
New National Security Cutter delivered to Coast Guard New National Security Cutter delivered to Coast Guard
4
First MT30 engine for Korean Navy frigates passes acceptance tests First MT30 engine for Korean Navy frigates passes acceptance tests
5
New GenDyn mission computers for Navy F/A-18s New GenDyn mission computers for Navy F/A-18s
Trending News
Video
x
Feedback