Statistics Canada says wholesale sales up 2.0 per cent in December
Feb 19 Canadian retail sales fell 2.2 percent in December as unseasonably warm weather cut into seasonal purchases, Statistics Canada said on Friday.
Food prices rose four percent last month, led by an 18-percent surge for fresh vegetables.
"This looks like a Canadian dollar pass-through story-especially on food", said Benjamin Reitzes, economist at BMO Capital Markets, of January's inflation report.
Consumers are digging deeper for lettuce which cost 17.9 per cent more than the year before.
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Lower prices in January for items such as natural gas, fuel oil and telephone services kept downward pressure on the inflation reading, the agency said.
The overall January inflation rate also hit the Bank of Canada's ideal target of 2.0 per cent. The data underlined expectations the Bank of Canada will keep monetary policy unchanged next month.
The last time retail sales saw a month-over-month drop of that size was April 2010 when it fell by 2.3 per cent, the agency said.
Inflation wasn't just restricted to food, as core prices, which exclude food and energy because their prices can be volatile, rose two per cent over the past 12 months.
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He also thanked China and the Chinese people for supporting the work of the United Nations and himself in the past nine years. Those who take part in the festivities in China call it Lunar New Year, as the lunar calendar is what determines the dates.
The motor vehicle and parts subsector climbed 10.6 per cent to $11.3 billion as the motor vehicle industry gained 13.7 per cent.
For 2015 as a whole, wholesale sales totalled $661 billion in 2015, up 4.0 per cent from 2014.
In volume terms, wholesale sales increased 1.8 per cent in December.
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