Retail Sales Increased 0.8% In June 2025
After adjusting for the retail sales rate of inflation, measured at 1.1% in June, the overall volume of retail sales index increased 0.8% when compared to June 2024, according to the recently released Retail Sales Index.
A Government spokesperson said, “Today, the Ministry of Economy and Labour released the June 2025 Retail Sales Index publication.
“June’s volume of retail sales index increased 0.8 per cent compared to last year. In value terms, retail sales increased to an estimated $113.0 million.
Chart extracted from the report:
“Five of the seven sectors recorded year-over-year volume index increases in June 2025:
- Food Stores’ sales volume increased 0.2 per cent.
- Motor Vehicle Stores’ sales volume rose 11.4 per cent.
- Service Stations’ sales volume rose 6.6 per cent.
- The sales volume for Building Material Stores increased 1.3 per cent.
- Sales volume increased 2.7 per cent in the All-Other Store Types sector [comprising stores selling household items, furniture, appliances, electronics, pharmaceuticals and tourist-related goods].
“The following two sectors decreased in sales volume compared to the previous year:
- The sales volume for Liquor Stores decreased 2.3 per cent.
- The sales volume at Apparel Stores decreased 5.5 per cent.
“Selected overseas declarations decreased 16.2 per cent compared to June 2024.
The full June 2025 Retail Sales Index publication follows below [PDF here]:
“retail sales rate of inflation, measured at 1.1% in June”
It would appear that this publication is based on fantasy
INFLATION. or RECESSION. Many will ask which is which when it comes the cost of living
INFLATION : >>> Is a fancy word to meant to increase or pump up the cost of an item from before
nobody likes inflation not even the people who are doing the price increases, they get stuck with their employees wanting more money which will reduce their profit margin..
What cause inflation ? That was the cost of fuel and energy increase, which make the world go round.
RECESSION : >>> Is the same as when school is out on summer break. Every thing comes to a stand still , people stop spending their money simply because the can or do not want to pay the extra to put an end to progressive inflation.
Will prices come down, only you can do that. Remember “They pay you to be miserable”.
PAC MAN,
I would refine those definitions somewhat.
The term “inflation” simply refers to an increase in the average price of goods and services over time. One can argue as to what caused the increase in average price. You mention “the cost of fuel and energy increase” and you allude to “employees wanting more money”, both of which typically contribute to inflation. There may be other forces at work too.
The term “recession” refers to a significant and widespread downturn in economic activity that typically lasts for longer than a few months. It is commonly said that a recession occurs when there are two consecutive quarters of shrinkage in gross domestic product (GDP) in an economy. The reality is that the assessment as to whether a recession exists in any given economy is much more complex than that.