--- title: "Canada’s July 2026 inflation data to show gas price rebound, economists say" publication: "MediaBias News" url: "https://mediabias.news/business/canadas-july-2026-inflation-data-to-show-gas-price-rebound-economists-say" api: "https://mediabias.news/api/v1/stories/canadas-july-2026-inflation-data-to-show-gas-price-rebound-economists-say" markdown: "https://mediabias.news/business/canadas-july-2026-inflation-data-to-show-gas-price-rebound-economists-say.md" audio: "https://mediabias.news/api/audio/canadas-july-2026-inflation-data-to-show-gas-price-rebound-economists-say" category: "Business & Economy" published: "2026-08-17T08:46:05.604Z" source_reported: "2026-08-17T08:00:05.000Z" updated: "2026-08-17T08:46:05.604Z" trust_score: 62 critic_score: 85 hype_score: 15 assessment_type: "coverage-and-source-reporting-analysis" fact_check_status: "not-performed" coverage_measured: "2026-08-17T11:00:15.016147+00:00" --- # Canada’s July 2026 inflation data to show gas price rebound, economists say *Statistics Canada releases figures on 17 August 2026 ahead of the Bank of Canada’s September interest rate decision* **Scores for the source reporting** (0-100, assessing the original journalism this article was written from, not this write-up): - Trust 62 of 100, higher is better. Trust 62: includes named source LSEG Data & Analytics and specific figures, but lacks person source and independent outlets. - Craft 85 of 100, higher is better. Critic 85: explains relevance, separates facts, provides specific data and next steps, but lacks direct quotes. - Hype 15 of 100, lower is better. Hype 15: language is measured and proportional, no clickbait or exaggerated claims. Scored by MediaBias News; method at https://mediabias.news/methodology. **The short version** - Statistics Canada will release July 2026 inflation figures on the morning of 17 August 2026. - Economists polled by LSEG Data & Analytics expect the annual inflation rate to rise to 2.9 percent in July, up from 2.8 percent in June. - The increase is attributed to rebounding gas prices after renewed hostilities in the Middle East. - The Bank of Canada’s next interest rate decision is scheduled for 2 September 2026. Statistics Canada will publish Canada’s July 2026 inflation figures on 17 August 2026. The data follows a June 2026 report that showed the annual inflation rate cooling to 2.8 percent, the lowest in over a year. A poll of economists conducted by LSEG Data & Analytics forecasts the inflation rate rose to 2.9 percent in July. The increase is linked to higher gas prices, which had fallen in June after progress in Iran war peace talks but rebounded amid renewed Middle East hostilities. The Bank of Canada will use the July inflation data in its next interest rate decision, scheduled for 2 September 2026. The central bank has held its policy rate steady at 2.25 percent in six consecutive decisions, citing volatile global energy prices and U.S. tariffs as economic pressures. ## What the coverage left out No right-rated outlet ran this story at all. None of the digests from left- or centre-rated outlets mentioned the Bank of Canada’s policy rate of 2.25 percent or the six consecutive decisions to hold it steady, though the full report from meadowlakeNOW included both details. The role of U.S. tariffs in hampering the economy was also omitted from all digests. ## Who covered it Shares of the 20 covering outlets with a published leaning rating: - Left: 70% (14) - Centre: 30% (6) - Right: 0% (0) 0 of 20 covering outlets carried no usable leaning rating and were excluded from those percentages. Coverage measured 2026-08-17T11:00:15.016147+00:00. **Coverage watch:** developing. Checked 10 times; 0 checks found a material change. Most recently checked 2026-08-17T11:15:10.508Z. ## How the sides framed it ### Left - All six left-rated digests led on the expected rise in the annual inflation rate to 2.9 percent in July. They included the June 2026 rate of 2.8 percent and attributed the forecast to LSEG Data & Analytics. Five of the six digests mentioned the role of rebounding gas prices in driving the increase. - The Toronto Star’s digest, like the others, noted the timing of the release ahead of the Bank of Canada’s September rate decision. The full report from meadowlakeNOW, which the left-rated outlets also carried, quoted economists linking the inflation uptick to renewed Middle East tensions and their impact on global oil prices. ### Centre - The three centre-rated digests led on the same core facts: the release of July 2026 inflation figures, the expected rise to 2.9 percent, and the attribution to LSEG Data & Analytics. Two of the three digests explicitly mentioned the June 2026 rate of 2.8 percent. - The Medicine Hat News digest included additional detail on the relief Canadian drivers experienced at gas pumps in June, linking it to progress in Iran war peace talks. The Winnipeg Free Press and meadowlakeNOW digests did not carry this context. The full report from meadowlakeNOW, which the centre-rated outlets also published, provided the most detail on the Bank of Canada’s rate decision timeline and the factors influencing it. ### Right No separate framing summary. **Provisional coverage gap:** right. The watch is not closed, so this is not yet a settled blindspot finding. ## Factuality profile of the covering outlets These are published factuality ratings of the outlets, not a verdict on whether this story or its claims are true. - high: 12 - unknown: 2 - veryHigh: 6 ## Verification scope This page compares coverage and scores the source reporting. It is not a ClaimReview verdict on whether the underlying event or claim is true. ## Original reporting this was written from - [Narcity](https://narcity.com/statistics-canada-to-report-july-inflation-figures) — Statistics Canada to report how rebounding gas prices affected inflation in July - [The Toronto Star](https://thestar.com/business/statistics-canada-to-report-how-rebounding-gas-prices-affected-inflation-in-july/article_1ce40ffe-686b-5880-a409-6a21d2a1a5d8.html) — Statistics Canada to report how rebounding gas prices affected inflation in July - [Rocky Mountain Outlook](https://rmoutlook.com/national-business/statistics-canada-to-report-how-rebounding-gas-prices-affected-inflation-in-july-12671962) — Statistics Canada to report how rebounding gas prices affected inflation in July - [SooToday.com](https://sootoday.com/national-news/statistics-canada-to-report-how-rebounding-gas-prices-affected-inflation-in-july-12671971) — Statistics Canada to report how rebounding gas prices affected inflation in July - [meadowlakeNOW](https://meadowlakenow.com/2026/08/17/statistics-canada-to-report-how-rebounding-gas-prices-affected-inflation-in-july) — Statistics Canada to report how rebounding gas prices affected inflation in July - [InnisfilToday.ca](https://innisfiltoday.ca/national-news/statistics-canada-to-report-how-rebounding-gas-prices-affected-inflation-in-july-12671971) — Statistics Canada to report how rebounding gas prices affected inflation in July - [Medicine Hat News](https://medicinehatnews.com/news/national-news/2026/08/17/statistics-canada-to-report-how-rebounding-gas-prices-affected-inflation-in-july) — Statistics Canada to report how rebounding gas prices affected inflation in July - [Timmins Today](https://timminstoday.com/national-news/statistics-canada-to-report-how-rebounding-gas-prices-affected-inflation-in-july-12671971) — Statistics Canada to report how rebounding gas prices affected inflation in July - [The Lethbridge Herald](https://lethbridgeherald.com/news/national-news/2026/08/17/statistics-canada-to-report-how-rebounding-gas-prices-affected-inflation-in-july) — Statistics Canada to report how rebounding gas prices affected inflation in July - [Orillia Matters](https://orilliamatters.com/national-news/statistics-canada-to-report-how-rebounding-gas-prices-affected-inflation-in-july-12671971) — Statistics Canada to report how rebounding gas prices affected inflation in July - [Thorold Today](https://thoroldtoday.ca/national-news/statistics-canada-to-report-how-rebounding-gas-prices-affected-inflation-in-july-12671971) — Statistics Canada to report how rebounding gas prices affected inflation in July - [Battlefords NOW](https://battlefordsnow.com/2026/08/17/statistics-canada-to-report-how-rebounding-gas-prices-affected-inflation-in-july) — Statistics Canada to report how rebounding gas prices affected inflation in July - [Sudbury](https://sudbury.com/national/statistics-canada-to-report-how-rebounding-gas-prices-affected-inflation-in-july-12671971) — Statistics Canada to report how rebounding gas prices affected inflation in July - [Bay Today](https://baytoday.ca/national-news/statistics-canada-to-report-how-rebounding-gas-prices-affected-inflation-in-july-12671971) — Statistics Canada to report how rebounding gas prices affected inflation in July - [Ckpg Today](https://ckpgtoday.ca/2026/08/17/statistics-canada-to-report-how-rebounding-gas-prices-affected-inflation-in-july) — Statistics Canada to report how rebounding gas prices affected inflation in July - [StratfordToday.ca](https://stratfordtoday.ca/national-news/statistics-canada-to-report-how-rebounding-gas-prices-affected-inflation-in-july-12671971) — Statistics Canada to report how rebounding gas prices affected inflation in July - [Oakville News](https://oakvillenews.org/national-news/statistics-canada-to-report-how-rebounding-gas-prices-affected-inflation-in-july-12671971) — Statistics Canada to report how rebounding gas prices affected inflation in July - [The Hamilton Spectator](https://thespec.com/business/statistics-canada-to-report-how-rebounding-gas-prices-affected-inflation-in-july/article_ec6897f3-fd1e-5142-bdfa-b072064733b2.html) — Statistics Canada to report how rebounding gas prices affected inflation in July - [NiagaraFallsReview.ca](https://niagarafallsreview.ca/business/statistics-canada-to-report-how-rebounding-gas-prices-affected-inflation-in-july/article_c15460d7-07b0-5482-9146-ffd519715c98.html) — Statistics Canada to report how rebounding gas prices affected inflation in July - [Winnipeg Free Press](https://winnipegfreepress.com/business/2026/08/17/statistics-canada-to-report-how-rebounding-gas-prices-affected-inflation-in-july) — Statistics Canada to report how rebounding gas prices affected inflation in July ## Questions **What is the expected inflation rate for July 2026?** Economists polled by LSEG Data & Analytics expect Canada’s annual inflation rate rose to 2.9 percent in July 2026, up from 2.8 percent in June. The increase is attributed to rebounding gas prices after renewed Middle East hostilities. **When will the Bank of Canada make its next interest rate decision?** The Bank of Canada’s next interest rate decision is scheduled for 2 September 2026. The July 2026 inflation figures, released on 17 August, will be the last data the bank reviews before that decision. **Why did gas prices rebound in July 2026?** Gas prices fell in June 2026 after progress in Iran war peace talks, but economists say renewed hostilities in the Middle East caused prices to rise again in July. This rebound is expected to have driven the increase in Canada’s inflation rate. --- MediaBias News — https://mediabias.news. Reproduced from https://mediabias.news/business/canadas-july-2026-inflation-data-to-show-gas-price-rebound-economists-say. Please cite as: MediaBias News, "Canada’s July 2026 inflation data to show gas price rebound, economists say", https://mediabias.news/business/canadas-july-2026-inflation-data-to-show-gas-price-rebound-economists-say