Retail trade up in 2022

The value of retail trade was up significantly in 2022 on an annual basis while the volume recorded a more modest increase, data released on Wednesday by the Statistical Service of Cyprus show.

In particular, the Turnover Value Index of Retail Trade recorded a 11.3% increase in 2022 compared to 2021, while the Retail Trade Turnover Volume Index recorded a much smaller increase of 2.2%.

According to the official data, the Turnover Value Index for December 2022 increased by 10.9% compared to the corresponding month of the previous year.

For the same month, the Turnover Volume Index increased by 4.0% compared to the corresponding month of the previous year.