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2012

Canadian Inflation created by ChatGPT AI created

Inflation Lower in July in Canada 2012

In July 2012, Canada’s inflation rate slowed to 1.3% year-over-year, as reported by Statistics Canada. The moderation was driven by falling gasoline, footwear, and clothing prices, even as food and electricity costs continued to rise. This historical inflation snapshot highlights key cost drivers, including restaurant meals, meat, and cereal products. With eastern Canada experiencing drought conditions at the time, future food prices were a concern. The Bank of Canada’s core index stood at 1.7%, still under the critical 2.0% threshold. This report is useful for those tracking long-term trends in Canadian inflation and cost-of-living metrics.

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