Rise in airfare, food costs push U.K. inflation higher
Inflation jumps to 3.8% in July, dimming hopes for rate cuts
- By: The Associated Press
- August 20, 2025 August 20, 2025
- 10:39
Inflation jumps to 3.8% in July, dimming hopes for rate cuts
Agentic AI, federal budget measures are developments to watch
"[W]e have not totally escaped the trade war in our inflation data": Doug Porter
While gas prices eased, food and housing costs climbed
Aggregate capital raised in first five months of the year reached $5.2B
China reported a 3.7% increase in July retail sales, missing analyst expectations of a 4.6% rise
Seasonally adjusted annual rate of housing starts reached 294,085 units last month
Average non-mortgage debt per consumer rose to $22,147
Expectations for Tuesday's inflation report range from 1.6% to 1.9%
Beijing filed a WTO complaint Friday in response to Canadian restrictions on Chinese imports
One-third of wholesale businesses were affected by trade war in June
Sales were up 0.3% in June, to $68.5 billion
Tariff-driven front-loading is "tapering off," according to an Oxford Economics report
Sales climbed 6.6% in July, relative to one year ago
This follows two months of spending declines, in April and May
Wholesale prices surged 0.9% in July, the biggest jump in over three years.
Industry says trade barriers have not severely hurt operations
Claims decline, signalling steady labour market
RBC estimates the effective tariff rate on Canadian goods is about 6%
Minutes show central bank considering delayed effect of rate cuts
The debt is estimated to grow by another trillion dollars in six months
Stagflationary effects will hit the U.S. hardest, Canada and Mexico at risk too
ETF and mutual fund managers are using this moving target to boost bond returns
New levy to hurt U.S. consumers, unlikely to revive production: Desjardins