Miércoles, 19 Setiembre, 2018

Autos fuel Canada retail sales in March, inflation holds in April

Autos fuel Canada retail sales in March, inflation holds in April Autos fuel Canada retail sales in March, inflation holds in April
Irune Rengel | 20 May, 2017, 03:23

Some goods which cost less were children's clothing (down 6.6 per cent), footwear (down 5.0 per cent), and personal care supplies and equipment (down 3.6 per cent).

Canada's annual inflation rate held steady in April as a seventh consecutive decline in food prices offset higher gasoline, while March retail sales rose more than expected, suggesting consumer spending held up as the economy headed into the second quarter.

On the other hand, fresh produce and clothing applied the most downward pressure on the inflation rate.

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The annual inflation rate was 1.6 percent, matching the previous month's figure and just missing economists' forecasts of an uptick to 1.7 percent.

Reality Check: Do gas prices spike ahead of long weekends? Stripping out the effect of price changes, volumes climbed 1.2 per cent.

Two of the three gauges of underlying, or core, inflation also advanced at a slower pace compared with the previous month. The data followed a month-over-month February contraction of 0.4 per cent.

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Sales rose in six out of 11 sectors in March, accounting for 53 percent of total retail trade.

Economists had predicted a 0.4 per cent increase in retail trade for March, according to Thomson Reuters.

CPI median, which shows the median inflation rate across the various components, edged down at 1.6 percent, while CPI trim, which excludes upside and downside outliers, dipped to 1.3 percent.

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This story has not been edited by Firstpost staff and is generated by auto-feed. Tense trade talks have dominated the meetings. Finance Minister Taro Aso and U.S.

Region wise, the rises were broad based with Quebec, Alberta and Newfoundland and Labrador the only provinces to register lower sales in the month.

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