# Italy inflation-adjusted retail sales fell in 2022
Published: 2023-02-08
Category: Finance
Category URL: https://entrepreneurtribune.com/category/finance/
Meta Title: Italian Retail Sales Increase in Value, Decline in Volume
Meta Description: Italian retail sales rose in value but dropped in volume in 2022 due to high inflation, presents challenges for consumers. Find out more here.
URL: https://entrepreneurtribune.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](https://entrepreneurtribune.com/volvo-cars-q4-profit-lags-forecasts/) in 2022 compared to the previous year, with consumers suffering from high inflation, data showed on Wednesday.

National statistics bureau ISTAT reported that [sales](https://entrepreneurtribune.com/more-than-a-fifth-of-cars-sold-in-eu-in-august-were-full-evs-acea/) 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](https://entrepreneurtribune.com/volvo-cars-q4-profit-lags-forecasts/) 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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