Retail turnover decreased by 3.9%

Compared to the previous month, retail turnover decreased by 1%, within which the turnover of food and food-type mixed shops increased by 0.1%, the turnover of non-food-type shops increased by 1%, however, due to the limited availability of fuels, and after the introduction of discounted fuel prices, the turnover of fuel stations fell by 18.4% in one month. Last year, retail sales increased by a total of 5.3%.

The significant slowdown in retail sales was caused by the effect of the sja refund, the 13th month pension, and the six-month gun money, as well as substantially rising inflation and a significant rise in household energy prices for households that exceed the average consumption. The turnover of grocery stores also decreased further, which may have been caused partly by the effect of further accelerating inflation reducing real incomes, partly by precautionary savings due to the partial elimination of overheads, partly by more conscious purchases and the avoidance of food waste.