Retail sales continue to fall amid cost of living crisis

Compared to pre-pandemic levels the volume of retail sales in July 2022 was at the same level as in February 2020. Picture: Sam Boal/Rollingnews.ie.

The volume of Irish retail sales has continued to fall as consumers cut back on non-essential purchases due to soaring levels of inflation and the cost of living crisis.

Figures from the Central Statistics Office (CSO) revealed that the volume of retail sales declined by 1.6% in July compared to the previous month and fell by 8.1% on an annual basis.