Inflation cooled in July, thanks in large part to relief in gas pumps, but Statistics Canada said the costs of groceries and shelters accelerated last month.
The annual inflation rate fell to 1.7 percent in July, said the agency on Tuesday, below 1.9 percent in June.
Costs increased annual 3.4 percent in groceries, compared to 2.8 percent in June. Confectionery and coffee products saw great price jumps in July, which Statscan said they were linked to difficult growth conditions in countries that produce cocoa and coffee beans.
Meanwhile, fresh grape prices increased almost 30 percent, which boosted the total cost of fresh fruit 3.9 percent in July from 2.1 percent in June.
The agency also says that gasoline prices decreased by 16.1 percent year after year, thanks in large part to the elimination of consumer carbon price.
Gas prices also fell 0.7 percent monthly after an increase in the production of oil export countries and a high fire in the conflict between Israel and Iran.
Refuge inflation accelerated to three percent last month from 2.9 percent in June, marking the first increase in that category since February 2024.
The growth of the rental price collected in July, particularly on Prince Eduardo, Newfoundland and Labrador and British Columbia. The lowest mortgage costs are still moderating the general increase in shelter inflation.
Meanwhile, natural gas prices fell to a lesser extent than in June, thanks mainly to the highest costs in Ontario.
The Canada Bank will analyze inflation figures while preparing for its next interest rate decision on September 17.
Statscan said that the preferred central inflation measures of the Central Bank, which tend to eliminate the most volatile price changes, remained stable around three percent in July.
