About: http://data.cimple.eu/news-article/bc79761f48350a5a382e61db974b8464feb6b730a89c477c1a66bda0

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About: http://data.cimple.eu/news-article/bc79761f48350a5a382e61db974b8464feb6b730a89c477c1a66bda0 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Canadians paid 0.1 percent more for goods and services in July than a year earlier, the government statistical agency said Wednesday. Inflation slowed in the month from 0.7 percent in June, largely due to lower travel costs. Last month's rate was far below the 0.5 percent expected by economists. "Inflation took a big step back in July, reflecting what is likely to be a long and winding road back to the Bank of Canada's target (of 2.0 percent)," said CIBC analyst Royce Mendes. According to Statistics Canada, prices for passenger vehicles and car insurance, meat and restaurant meals, as well as homes rose, while the costs of gasoline, hotels, airfare, telephone services and computers fell. Many flights remained cancelled as a result of the coronavirus pandemic, but airlines started offering incentives such as reduced fees, discounts and promotions to entice travellers back to the skies. Hotel rates also fell 27.0 percent, dropping for a third consecutive month. And gasoline prices fell (-14.9 percent) for a fifth month in a row. Beef prices marked the largest monthly decline since August 2003, as production gradually returned to pre-COVID-19 levels. Pork prices were down too, but chicken prices bounced back on stronger demand at the start of the summer barbecue season. Consumers also paid less in June for "multipurpose digital devices" as the telecommunications sector sought to clear inventories prior to the release of new smartphone models. amc/bgs
schema:headline	Canada inflation slowed in July
schema:mentions	Internet access Vehicle insurance Barbecue Smartphone Chicken as food Volkswagen Inflation Canada Pandemic Coronavirus Canadian Imperial Bank of Commerce Statistics Canada Price of oil
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-08-19 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	60 (xsd:integer)

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