Annual pace of inflation rises to 3.7 per cent last month marking biggest increase since 2011

Statistics Canada says annual pace of inflation rose to 3.7 per cent in July, the biggest increase since May 2011.

The year-over-year increase in the consumer price index compared with a 3.1 per cent increase in June.

Excluding gasoline, the consumer price index for July increased 2.8 per cent compared with a year ago.

More coming.