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October 6, 2022

Canada’s inflation rate slows to 7.6 per cent in July as gas prices fall

Canada’s year-over-year inflation rate slowed to 7.6 per cent in July, with the deceleration largely driven by a decline in gas prices. The inflation rate hit a nearly 40-year-high of 8.1 per cent in June, but economists were widely expecting inflation to have since slowed. Source

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