# Italy inflation-adjusted retail sales fell in 2022
Author:  Pal Sinha,Barnali
Author URL: https://economystandard.com/author/pal-sinha-barnali/
Published: 2023-02-08
Category: Finance
Category URL: https://economystandard.com/category/finance/
Meta Title: Italian retail sales increase in value but decline in volume in 2022
Meta Description: Find out why Italian retail sales increased in value but decreased in volume in 2022 due to high inflation. Get the latest data and insights today!
URL: https://economystandard.com/italy-inflation-adjusted-retail-sales-fell-in-2022/

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ROME (Reuters) -Italian retail sales increased in value terms but decreased in volume in 2022 compared to the previous year, with consumers suffering from high inflation, data showed on Wednesday.

National statistics bureau ISTAT reported that sales increased 4.6% in value terms against a 0.8% decline in volume, with the contraction in food goods (-4.2% in volume) outweighing a 1.9% increase in non-food products.

Consumer price inflation in Italy based on the EU-harmonised index grew by 8.7% in 2022 – the largest increase in more than 30 years – driven by soaring energy prices.

In December alone retail sales fell 0.7% percent in volume terms after a +0.4% rise in November.

In unadjusted year-on-year terms they were down 4.4%.

(Reporting by Valentina Consiglio, editing by Gavin Jones)


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