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Story summary
- Statistics Canada reported that Canada’s consumer price index rose to 3% in July as gasoline prices rebounded.
- Gasoline prices jumped 25.7% year-over-year in July, up from a 20.5% increase in June.
- Core inflation, which excludes gasoline, held at 2.2% in July, matching May and June levels.
- Airfare costs rose 12% year-over-year in July, driven by higher jet fuel prices.
