Canada inflation slows to 2.5% in July

PTVPhilippines
PTVPhilippines
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Canada inflation slows to 2.5% in July

Transcript
00:00Canada's inflation rate eased to 2.5% in July, its lowest level in more than three years.
00:06Even shelter inflation, a major contributor to increasing prices, dropped to 5.7% from 6.2%
00:14in June due to reduced costs in rent, mortgage interest and fuel oil. Moreover, economists
00:21believe the deceleration in inflation strengthens the pressure for the Bank of Canada to cut its
00:27policy rate in September and throughout the rest of the year.

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