Business

Sales at grocery stores drop in November due to higher food prices – Nationwide


Statistics Canada says retail sales fell 0.1% to $61.8 billion in November.

However, the federal agency said its preliminary estimate for December showed retail sales rebounded 0.5% that month, although the agency warned that the figure would be revised. .

Retail sales fell in six of the 11 sub-sectors, accounting for 47.4% of retail trade.

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Statistics Canada said the drop was due to lower sales at gardening and building materials and equipment dealers, down 3.8% month-on-month, and stores. food and beverage, down 1.6%.

Total core retail sales, excluding gas stations and motor vehicle and parts dealers, fell 1.1% – the biggest drop in 11 months.

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In terms of volume, retail sales fell 0.4% in November.

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