German retail sales drop more than expected in April

2022.06.01 09:36

FILE PHOTO: People walk past a store in the pedestrian zone in Munich, Germany, December 6, 2021. REUTERS/Lukas Barth/File Photo

BERLIN (Reuters) – German retail sales fell by more than expected in April, as food prices saw a significant increase, data showed on Wednesday.

The Federal Statistics Office said retail sales were down 5.4% on the month in real terms.

A Reuters forecast had predicted a decrease of 0.2%.

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