Italian retail sales rose 1.6% in value year-on-year but fell 0.1% in volume, Istat said. Shoppers are paying more to get less, so this is a price effect, not a real demand recovery. For the tape, it

What happened: Istat reported that Italian retail sales rose 1.6% in value in September year on year, while falling 0.1% in volume. Key numbers: Value up 1.6% year on year, volume down 0.1%. Month on month, value up 0.1% and volume flat. Food sales up 1.7% in value but down 0.1% in volume year on year; unchanged in value and down 0.3% in volume month on month. Why it matters: The data indicates the impact of the cost-of-living crisis, with people paying more to get less.

Istat reported that Italian retail sales rose 1.6% in value in September year on year, while falling 0.1% in volume.

The data indicates the impact of the cost-of-living crisis, with people paying more to get less.