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

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

On the contrary, a decrease of 19% in value and 24.4% 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% and the volume index by 1.7% compared to the same period of 2021.

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

In March, the largest increase in volume, amounting to 23.2%, was recorded in textiles, clothing and footwear, with a corresponding increase in value of 26.8% 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% respectively.

Source: Cyprus Mail