facebook
twitter
search
search

Inflation, still modest, edged higher in Canada in July

Aug. 23, 2013 at 10:50 AM

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.

Like Us on Facebook for more stories from UPI.com  
Latest Headlines
Top Stories
Ford recalls 432,000 North American vehicles over software bug
Compact cannon for British armored vehicles
Volvo unveils new child seat concept
New Zealand military receives medium heavy military trucks
BBC to lay off 1,000 people to make up for $234M in lost revenue