Consumer Price Index rose in July
Aug 21, 2025
Global Korean Post
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The Consumer Price Index (CPI) rose 1.7% on a year-over-year basis in July, down from a 1.9% increase in June.
Prices for gasoline led the slowdown in the all-items CPI, falling 16.1% year over year in July, following a 13.4% decline in June. Excluding gasoline, the CPI rose 2.5% in July, matching the increases in May and June.
Moderating the deceleration in July were higher prices for groceries and a smaller year-over-year decline in natural gas prices compared with June.
The CPI rose 0.3% month over month in July. On a seasonally adjusted monthly basis, the CPI was up 0.1%.
Year over year, gasoline prices continued to reflect the removal of the consumer carbon levy, falling 16.1% in July, following a 13.4% decline in June. In recent months, prices for gasoline have been relatively stable, increasing 0.4% since April.
In July, prices for shelter rose 3.0% year over year, following a 2.9% increase in June, with upward pressure mostly coming from the natural gas and rent indexes. This was the first acceleration in shelter prices since February 2024.
Rent prices rose at a faster pace year over year, up 5.1% in July following a 4.7% increase in June. Rent price growth accelerated the most in Prince Edward Island (+5.6%), Newfoundland and Labrador (+7.8%) and British Columbia (+4.8%).
