Inflation drives up retail sales by 10.5 pct in Sep, but MoM sees 0.6 pct drop

EconomyMacroeconomy Tags: ELSTAT, Retail
Photo by Panayiotis Tzamaros/Fosphotos
Photo by Panayiotis Tzamaros/Fosphotos

The growth in Greece’s retail sales dropped pace in September, rising by 10.5 percent year-on-year (YoY), after an upwards revised 15 percent rise in August, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.

The corresponding volume index rose by 1.4 percent annually, from 4.4 percent annually in August, as volume reflects the impact of the cost-of-living crisis and strip out the effects of inflation on prices that inflate turnover.

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