Retail sales fall for seventh consecutive month as cost of living cuts consumer spending

The value of retail sales in the fuel sector rose by 20.9% in the year to November 2022, while corresponding volumes rose by just 3.9%

In annual terms, other retail sales, motor trades and food and beverages saw the largest declines, falling by 25.8%, 11% and 6.3% respectively.

The volume of Irish retail sales continues to fall, with the last seven months showing further declines as consumers balance the cost of living crisis and soaring inflation. 

Figures released by the CSO found retail sales fell by an additional 1.4% in November, reflecting a year-on-year decline of 4.2%.