Gas price rebound drove inflation up to 3% in July: StatCan

Statistics Canada says the annual rate of inflation accelerated to three per cent in July as renewed hostilities in the Middle East drove gas prices higher again.

Holly Williams, Press Association Business Editor Higher energy prices are expected to send UK inflation surging back up when official figures are released on Wednesday amid fears the summer’s record heatwaves may also start putting pressure on food costs. Many experts are forecasting that Consumer Prices Index (CPI) i

Rising energy prices are poised to send UK inflation rearing back up, as economists warn that the summer boost to the economy could be fleeting. The rate of Consumer Prices Index (CPI) inflation is tipped to rise to 2.9 per cent in July, climbing from June’s 15-month low of 2.6 per cent, when the Office…