Czech Retail Sales Fall in November

Retail

Retail sales in the Czech Republic fell for a seventh straight month in November amid the strongest inflation in decades, as the rising cost of living pressures households and pushes the economy into recession.

In November, retail sales fell by an adjusted 8.7% year-on-year, from a downwardly revised 10.2% fall in the prior month, data released by the Prague-based Czech Statistical Office (CZSO) on Thursday show.

Retail sales dropped further for food as well as non-food products by 9.2% and 9.6%, respectively.

Sales of automotive fuel fell by 2.1%.

On a monthly basis, retail sales fell by 0.3% in November, following a downwardly revised 2.1% drop in October. 

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