After recording flat sales in October, Canadian retail
sales rose 1.7 per cent in November. All retail sub-sectors showed rising
sales, with the notable exception of
gasoline stations where falling prices prompted the nominal value of sales to
decline. In BC, retail sales were up 1.8 per cent on a monthly basis and 5.4
per cent compared to November 2014. Year-to-date, retail sales in the province
are up 6.8 per cent over last year.
The Consumer Price Index (CPI), which measures the rate
of inflation in Canada, rose 1.6 per
cent in the 12 months to December, up 0.2 points from the previous month. After
13 straight declines, the transportation component of the index, which contains gasoline prices, increased in
December. Food prices were also higher, rising 4.1 per cent largely due to
impact of the lower exchange rate. The Bank of Canada's core measure of
inflation, which excludes volatile components like food and gasoline dipped
slightly to 1.9 per cent from 2 per cent in November. In BC, the provincial CPI was 1.9 per cent
higher in the 12-months to December.
Copyright BCREA – Reprinted with permission
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