high-end-retail-food-prices

Statistics Canada says wholesale sales fell 1.2% to $62 billion in September.

The agency says the drop came as five of seven subsectors fell, led by the personal and household goods and the food, beverage and tobacco subsectors.

The personal and household goods subsector fell 4.8% to $8.6 billion in its first move lower since November 2016.

Read: Higher food costs push up U.S. wholesale prices

Sales in the food, beverage and tobacco subsector fell 2.2% to $11.7 billion.

Meanwhile, the building material and supplies subsector climbed 2.6% to $8.9 billion, while the motor vehicle and parts subsector increased 1.4% to $12 billion.

Wholesale sales fell 1.1% in volume terms.

Originally published on Advisor.ca
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