Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
(Canada) Inflation rate cools to 1.7% in July thanks to lower gas prices; (US) 2.7
Inflation rate cools to 1.7% in July thanks to lower gas prices: StatCan
Craig Lord The Canadian Press
https://www.thestar.com/business/inflation-rate-cools-to-1-7-in-july-thanks-to-lower-gas-prices-statcan/article_f5265ee6-8bcc-581d-8f30-b6b49dc25739.html
OTTAWA - Inflation cooled in July thanks largely to relief at the gas pumps, but Statistics Canada said grocery and shelter costs were accelerating last month.
The annual rate of inflation fell to 1.7 per cent in July, the agency said Tuesday, down from 1.9 per cent in June.
A 16.1 per cent decline year-over-year in gas prices tied mainly to the removal of the consumer carbon price earlier this year fueled the drop.
Gas prices were also down 0.7 per cent on a monthly basis. StatCan pointed to increased production from oil-exporting countries, as well as a ceasefire in the conflict between Israel and Iran, as driving down global crude oil prices.
https://www.google.com/search?q=us+inflation+rate+July+2025&client=ms-android-bell-ca-rvc3&sca_esv=37dc570b99b93daa&source=android-browser&ei=f3SkaJzlHZWa0PEP5q_fwAg&oq=us+inflation+rate+July+2025&gs_lp=EhNtb2JpbGUtZ3dzLXdpei1zZXJwIht1cyBpbmZsYXRpb24gcmF0ZSBKdWx5IDIwMjUyBBAAGEcyBBAAGEcyBBAAGEcyBBAAGEcyBBAAGEcyBBAAGEcyBBAAGEcyBBAAGEdI-ERQ2TpY2TpwAXgCkAEAmAEAoAEAqgEAuAEDyAEA-AEBmAICoAIKwgIKEAAYsAMY1gQYR5gDAOIDBRIBMSBAiAYBkAYIkgcBMqAHALIHALgHAMIHBTAuMS4xyAcG&sclient=mobile-gws-wiz-serp
What is the US inflation rate in July 2025?
Food and energy prices in particular can be highly volatile due to factors like weather or supply chain issues, so excluding these categories from core inflation gives a clearer picture of long-term price trends. In July 2025, the headline inflation rate was 2.7% and core inflation was 3.1%.