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

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

Pacific Coastal Airline flights 8P1543 on Feb. 22 and 8P1538 on Feb. 24 had cased of COVID-19 onboard, according to the BC Centre for Disease Control. (Pacific Coastal Airlines photo)
Two flights between Kelowna and Victoria report COVID-19 exposures

Pacific Coastal Airlines flights on Feb. 22 and Feb. 24 affected

Organizers say some 100 vehicles rallied against plans by the Boys & Girls Club of Greater Victoria to sell 40 acres of its 98-acre property in Metchosin. (Barb Sawatsky/Submitted)
Proposed subdivision of green space in Metchosin draws 100 vehicles in protest

Plans for land owned by Boys Girls Club of Greater Victoria affects entire region, say residents

BC Housing ensures that by March 31, shelter will be available to all people living outside. (Black Press Media file photo)
All unhoused Victoria residents will be offered shelter by March 31, says BC Housing

BC Housing working to secure shelter locations in coming weeks

Robert Schram, here seen in January 2016, died Saturday, according to a friend. (Black Press Media file photo)
Sidney, Saanich Peninsula mourn the death of Mr. Beads

Bead artist Robert Schram was a familiar, well-loved figure in Sidney and beyond

Saanich Coun. Susan Brice and Mayor Fred Haynes are calling on the province to develop new solutions for emergency response to mental health crises with the consideration of a potential new 911 category. (Devon Bidal/News Staff)
Saanich mayor, councillor call for new solutions to mental health emergencies

Shifting response from police to trained mental health team the best option, mayor says

Langley resident Carrie MacKay shared a video showing how stairs are a challenge after spending weeks in hospital battling COVID-19 (Special to Langley Advance Times)
VIDEO: Stairs a challenge for B.C. woman who chronicled COVID-19 battle

‘I can now walk for six (to) 10 minutes a day’

Nanaimo RCMP are looking for a suspect who smashed the window of an adult toy store and made off with more than $1,200 in merchandise. (File photo)
Vancouver Island sex shop out $1,200 in merchandise after suspect steals ‘colossal’ product

Suspect smashed window of Nanaimo store, cutting himself in the process

Riverside Calvary Church in Walnut Grove. (Langley Advance Times file)
B.C. is ‘stereotyping’ churches as riskier for COVID than other spaces, lawyer argues

Judge said that freedom of expression, religion are not at issue in the case

B.C. Premier Gordon Campbell gets acquainted with Tsawwassen First Nation Chief Kim Baird’s 10-month-old daughter Sophia, husband Steve and four-year-old Amy at the B.C. legislature before a ceremony to endorse the Tsawwassen Treaty, Oct. 15, 2007. (Sharon Tiffin/Black Press)
Indigenous consent comes first and last for B.C. industrial projects

Environment minister can still approve permits without consent

B.C.’s court of appeal in Vancouver. (File photo: Tom Zytaruk)
Kootenay man appeals 7-year conviction for New Year’s Eve kidnapping, beating

Brandon Coons, 27, was convicted on five charges, including assault with a weapon

Nootka Sound RCMP responded to a workplace fatality report south of Gold River on Monday morning. (Campbell River Mirror photo)
One dead in workplace accident at Gold River logging site

The RCMP and Work Safe BC are investigating the incident at Western Forest Product’s TFL 19

Ladysmith’s famous Festival of Lights decorations are still up as of March 1, 2021. (Cole Schisler photo)
PHOTOS: It’s still looking a lot like Christmas in Ladysmith

Festival of Lights volunteers cannot remove the holiday roof top displays due to COVID-19

An investigation is underway after two VPD officers were recorded posing for pictures near a dead body at Third Beach on Feb. 24. (Screen grab/Zachary Ratcliff)
Vancouver officers placed on desk duty after filmed posing next to dead body

Pair put in ‘non-deployable, admin positions’ as the investigation into their conduct continues

(Black Press file photo)
Homicide team to look into death of 11-year-old Agassiz boy

Agassiz RCMP were called out Friday to assist with a child in medical distress

Most Read