Economists offer their outlook in the wake of July's strong U.S. inflation figure
Gas prices fell nearly 15%
The increase was about double what economists were expecting
The reading beat expectations
Increase in CPI follows three straight months of declines
It was the second month in a row for negative inflation
The drop in the annual rate was the first year-over-year decline since September 2009
The slowdown in Canada was bigger than those experienced in the U.S. and U.K.
The decrease followed a year-over-year increase of 2.4% in January
Inclement weather led to a 10.8% spike in the price of tomatoes