Analysts: low inflation contributed to the growth of retail sales

The low inflation contributed to the larger than expected growth of retail sales last November – the analysts of the Erste and the TakarékBank said. They believe, retail may slowly recover.

On the basis of the first estimates, the Central Statistics Office (KSH) reported on Wednesday, that in November last year, the sales volume increased by 4.9 percent calendar adjusted, compared to November 2012. The unadjusted data shows a 4.4 percent growth after the 2.5 percent growth of the previous month. (MTI)