Signs of Slowing CPI Growth in July
Could this be the beginning of the end of our inflationary ascent? Year-over-year growth of Canada’s CPI may be heading in a more positive direction; namely, downward. Gasoline prices fell in July which helped to ease price pressures throughout the economy. The psychological effects of falling fuel prices also bode well for inflation expectation setting. Fluctuations in the price of gas disproportionately influence consumer perceptions of inflation.
Quick take | 2-min read
August 16, 2022
Focus Area—Canadian Economics