Inflation slowed to 1.7% in July, but food prices rose at faster pace

Canada’s headline inflation eased to 1.7 % in July, down from 1.9 % the previous month, Statistics Canada says. Cheaper gasoline led the decline, but food prices moved the other way, leaving Canadians with higher grocery bills despite the overall slowdown.

Inflation slowed to 1.7% in July, but food prices rose at faster pace