Canada's annual inflation rate fell to 1.3 per cent last month as consumers paid less for gasoline, Statistics Canada reported Friday. Clothing prices fell year over year, but consumers paid more for food and shelter, the data agency said. Core inflation rate unchangedThe core rate of inflation, which strips out volatile elements like fresh produce and fuel, was unchanged from June at 2.1 per cent. Retail sales disappointIn a separate report, Statistics Canada said retail sales in June unexpectedly fell by 0.1 per in June from the month before. The Canadian dollar weakened following the release of the retail sales and inflation reports.

Source: CBC News August 19, 2016 12:43 UTC