✉news BusinessRetail first seen 2 d ago, last 2 d ago, peak #36
Italian retail sales rise in value but fall in volume
Original: ANSA - Retail sales up 0.5% yr-on-yr in value in August, but down 1% in volume - Istat
Italy's national statistics agency Istat reported that retail sales in August rose 0.5% year-on-year in value, but fell 1% in volume. The gap suggests shoppers are paying higher prices rather than buying more goods, pointing to inflation rather than growing demand as the driver of the increase in spending.
Why now: New official data shows Italians are spending more only because of higher prices, not buying more.
Evidence
- ANSA - Retail sales up 0.5% yr-on-yr in value in August, but down 1% in volume - Istat · Alliance of Mediterranean News Agencies
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