Statistics Canada building and signs are pictured in Ottawa on Wednesday, July 3, 2019. Statistics Canada will say today what the country’s inflation barometer read in July. THE CANADIAN PRESS/Sean Kilpatrick

Inflation rate falls to 0.1 per cent as price growth slows, StatCan reports

Statistics Canada says air travel prices fell in July by 8.6 per cent

Statistics Canada says the consumer price index was up 0.1 per cent compared with a year ago, as gasoline prices were down nearly 15 per cent.

Excluding the drop in gasoline prices, the inflation barometer would have increased at an annual rate of 0.7 per cent, matching the same reading for June.

The average economist estimate had been for a year-over-year increase of 0.5 per cent for July, according to financial data firm Refinitiv.

The statistics agency says the slower pace of price growth was broad-based, spanning goods and services.

Statistics Canada says air travel prices fell in July by 8.6 per cent, the first year-over-year decline since December 2015.

It says the result was due to airlines offering incentives for people to travel again, including reduced fees, discounts and promotions even as many flights remained cancelled or suspended because of the pandemic.

READ MORE: Bank of Canada survey says business hiring plans remain muted due to pandemic

The Canadian Press


Like us on Facebook and follow us on Twitter.

Want to support local journalism during the pandemic? Make a donation here.

Canadaeconomyinflation

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Barriere water users asked to take a look at what they are doing

“Millions and millions of gallons of water for green grass is unreasonable,” says Utilities Manager

Ten year master plan to be key for District of Barriere’s water system

District Council is focusing on not just the quantity of water, but the quality of water as well

District of Barriere Utilities Manager reports to council on Barriere wells

District of Barriere Utilities Manager Ian Crosson presented a verbal report during… Continue reading

City councillor acclaimed as BC NDP candidate for Kamloops-North Thompson

The announcement was made Monday morning in Kamloops’ North Shore

Two new COVID-19 cases announced in Interior Health region

The total number of cases in the region is at 533

B.C. counts 125 new COVID-19 cases, up to 1,284 active

No new deaths or health care facility outbreaks

Costs climb to more than $100K for BC SPCA to care for animals in B.C. farm seizure

Eight puppies, of the 97 animals seized have now died from parvovirus enteritis

B.C. VOTES 2020: Wilkinson to stop 24-hour camping in city parks

Ban on ‘unsafe roadside panhandling’ to be enforced

Lessons from a pandemic: How to design a nursing home that’s safe and love-filled

A look at how one care home is battling the pandemic with the social needs of the elderly in their care

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

Winter tires, chains now mandatory along most B.C. highways

Drivers without the proper winter tires – which must also be in good condition – can be fined $109

Health Canada green-lights rapid COVID-19 test

Health Canada approved the BCube test from Hyris Ltd. in the United Kingdom Sept. 23

First Nations Health Authority chief medical officer concerned with rising COVID-19 cases

“There’s still so much we don’t know and we’re learning everyday about this particular virus.”

FINLAYSON: COVID-related job losses concentrated in urban areas… especially Metro Vancouver

The biggest job losses, in absolute terms, have been in Metro Vancouver

Most Read