Inflation cools to 2.8% as Canadians get break from high gas prices
- Posted on July 20, 2026
- By Financial Post
- 0 Views
- 1 min read
In brief
Canada's inflationary pressures eased significantly in June as fuel costs declined, bringing the overall inflation rate down to 2.8%. This marked relief comes as gasoline prices retreated from elevated levels, providing consumers with much-needed financial breathing room. The moderation reflects easing supply chain constraints and reduced energy market volatility, though core inflation metrics warrant continued monitoring by policymakers assessing future monetary policy decisions.
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Inflation cools to 2.8% as Canadians get break from high gas prices
Canada's inflation rate slowed in June, as consumers got some relief from higher gas prices over the month. Read more
