Cyprus Mail
BusinessCyprusCyprus Business NewsCyprus by the Numbers

Retail turnover value index rose 7.7 per cent in March

cyprus business now inflation supermarket

The Retail Turnover Value Index increased by 7.7 per cent in March 2022 in comparison to the corresponding month of the previous year, according to data published by the statistical service on Monday.

The data also showed that during the same month, the Retail Turnover Volume Index decreased by 2 per cent compared to the corresponding month of the previous year.

The largest annual increase was recorded in fuel retail, with a 37.2 per cent higher value compared to March 2021 and a 6.1 per cent increase in volume.

On the contrary, a decrease of 19 per cent in value and 24.4 per cent in volume was recorded for non-specialised retail stores.

Between January and March 2022, the value index is estimated to have increased by 9.9 per cent and the volume index by 1.7 per cent compared to the same period of 2021.

During the first three months of the year, fuel retail increased by 43.4 per cent in value and 12.1 per cent in volume.

In March, the largest increase in volume, amounting to 23.2 per cent, was recorded in textiles, clothing and footwear, with a corresponding increase in value of 26.8 per cent compared to January 2022.

The largest decrease in both value and volume during the first three months of 2022 was recorded in non-specialised retail stores, with 11 and 15.7 per cent respectively.

Related Posts

Restaurant review: Mezostrati, Nicosia

Jonathan Shkurko

Lebanon to slash official exchange rate from Nov. 1, finance min says

Reuters News Service

British Cypriot dies during flight to Paphos

Nick Theodoulou

Fire in forest area of Solea under control

Nikolaos Prakas

Uniglo.io (GLO) posts 45% price increase since July, Bitcoin (BTC) and Solana (SOL) may reach multi-year lows

CM Guest Columnist

Mutually-agreed solution to Cyprus problem ‘a fading scenario’, UN official says

Jonathan Shkurko