In July, British Columbia’s annual inflation rate slowed to 1.7 per cent, matching the national average and a drop from 2.1 per cent in June. Core inflation measures also declined, with inflation excluding energy falling by about half a percentage point.

This slowdown was primarily driven by a significant 8.5 per cent year-over-year decrease in energy prices, with gasoline prices falling 12.1 per cent. The ongoing removal of the consumer carbon tax was a major factor in these price changes and is expected to continue until next April.

In contrast, food prices in B.C. saw an accelerated increase, rising 3.4 per cent annually in July compared to 3.1........

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