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Unpacking Retail Trade Sales for June 2022

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Retail sales fell sharply in June, a sign that households are feeling the pressure of declining disposable incomes as a result of higher interest rates, fuel prices and food prices. The June release follows two consecutive quarters of positive growth and concludes second-quarter results. Sifiso Skenjana speaks to Dr Hlabi Morudu, Chief Director for Business Cycle Indicators at Stats SA about the sales data.

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