Retail sales in Canada fell by 0.3% in January


In January, Canadian retail sales declined by 0.3% on a monthly basis, after a similar decline in January, reaching 50 billion 87 million Canadian dollars. This statistical office data came as a surprise to experts who had expected retail growth of 0.4%. The index has been falling for the past three months. Annual retail sales rose 1.1%. Retail sales excluding automobiles increased by 0.1% in monthly terms and by 0.6% in annual terms. According to another statistical office, annual inflation in Canada accelerated in February to 1.5% from the January value of 1.4%. Economists had expected the figure to remain at 1.4%. Consumer prices compared with January increased by 0.7% with analysts' had predicted an increase by 0.6%.

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