According to Odaily, Canada's Consumer Price Index (CPI) for July showed mixed results. The monthly CPI rate increased by 0.4%, aligning with expectations and marking an improvement from the previous month's -0.1%. The core CPI, which excludes volatile items, rose by 0.3% in July, compared to -0.1% in the previous month.
On an annual basis, the core CPI rate was 1.7% in July, slightly down from 1.9% in the previous month. The overall annual CPI rate stood at 2.5%, meeting expectations but showing a decline from June's 2.7%. These figures indicate a complex economic landscape, with some inflationary pressures easing while others remain steady.