New Record for Australian Retail Sales in June Quarter

Australian retail sales broke a new record in the June quarter, despite high inflation pushing up prices across industries.
According to the Australian Bureau of Statistics (ABS), retail sales volumes climbed 1.4 percent to around $94.3 billion (US$65.6 billion) in the three months to June, marking the third consecutive quarterly increase, following rises of one percent in the March quarter and 7.7 percent in the December quarter 2021.
“Sales volumes continued to rise into the June quarter, despite the largest rises in retail prices since the introduction of the GST in 2000, with price rises of 1.7 percent in June and 1.8 percent in March,” said Ben Dorber, the head of retail statistics at the ABS….

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