Retail sales up 1.6% in value, but down 0.1% in volume yr-on-yr in September - Istat

In September, Italian retail sales increased by 1.6% in value compared to the previous year, but volume decreased by 0.1%. This reflects the effects of the cost-of-living crisis, where consumers are spending more but receiving less. Compared to August, retail sales rose by 0.1% in value but remained stable in volume. Food sales saw a 1.7% increase in value year-on-year, yet a slight decline of 0.1% in volume. Month-on-month, food sales were unchanged in value and down 0.3% in volume.