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Cost of living pressure causes dip in December retail sales

Cost of living pressure causes dip in December retail sales

Large seasonally adjusted fall of 3.9% also due to higher spending over Black Friday sales period, economists sayFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastRetail sales fell 3.9% in December on a seasonally adjusted basis as cost of living pressures and rising mortgage repayments began to hit households.ABS head of retail statistics, Ben Dorber, said seasonal spending patterns over the Black Friday and holiday period were evolving. In November, retail turnover increased by 1.7%.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup

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