# Italy inflation-adjusted retail sales fell in 2022
Published: 2023-02-08
Category: Finance
Category URL: https://wealthtribune.com/category/finance/
Meta Title: Italian Retail Sales Increase in Value Despite Inflation
Meta Description: Discover the latest on Italian retail sales in 2022. Value up, volume down. High inflation impacting consumer behavior. Read more here.
URL: https://wealthtribune.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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