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Sales at grocery stores fell in November as food costs soared

New inflation numbers from December show the overall rate is cooling, but food prices and other costs continue to rise. For a breakdown of this latest release and what you can do to minimize inflation’s impact on your life, Rubina Ahmed-Haq joins Antony Robart. – Jan 19, 2023

Statistics Canada says retail sales dropped 0.1 per cent to $61.8 billion in November.

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However, the federal agency says its preliminary estimate for December suggests retail sales edged back up 0.5 per cent for that month, though it cautioned the figure would be revised.

Retail sales decreased in six of 11 subsectors, representing 47.4 per cent of retail trade.

Statistics Canada says the decrease was led by lower sales at building material and garden equipment and supplies dealers, down 3.8 per cent from the previous month, and food and beverage stores, down 1.6 per cent.

Overall core retail sales, which exclude gasoline stations and motor vehicle and parts dealers, decreased 1.1 per cent – the largest decline in 11 months.

In volume terms, retail sales decreased 0.4 per cent in November.

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