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Canadian Press NewsAlert: Annual pace of inflation rises to 3.7 per cent in July

OTTAWA — Statistics Canada says annual pace of inflation rose to 3.7 per cent in July, the biggest increase since May 2011.

The year-over-year increase in the consumer price index compared with a 3.1 per cent increase in June.

Excluding gasoline, the consumer price index for July increased 2.8 per cent compared with a year ago.

More coming.

The Canadian Press

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