Saskatchewan's inflation rate saw a slight cooling in July, primarily driven by a significant drop in gasoline prices. According to data released Tuesday morning by Statistics Canada, the Consumer Price Index for the province rose by 1.4 per cent on a year-over-year basis, down from the 1.7 per cent rate recorded in June.
The main factor tempering inflation was a sharp decline at the pumps. Gasoline prices in Saskatchewan were 16.5 per cent lower in July 2025 compared to the same month last year. This substantial decrease is largely attributed to the removal of the federal consumer carbon tax back in April.
While drivers saw relief, household budgets faced pressure from other areas. The cost of food increased by 3.17 per cent year-over-year, and shelter costs rose by 3.13 per cent. These increases showed that, while the overall inflation rate has slowed, key essentials are still becoming more expensive for Saskatchewan residents above the average increases to the consumer price index.
Saskatchewan's 1.4 per cent inflation rate was the fourth lowest among the provinces, placing it behind Alberta, New Brunswick, and Prince Edward Island. The provincial rate was also below the national average, which saw prices increase by 1.7 per cent in July.