DOMESTIC food sales data for 2022 released by the Australian Bureau of Statistics this morning suggests there was solid growth in overall retail and food service categories last year, while online food sales volume has stagnated in the past 15 months.
There has been a steady rise in overall Australian food retail turnover during 2022, before levelling off since October as interest rates and cost of living started to bite into household budgets. Note there is some lag in the ABS data, with November the most recently reported month.
Monthly food retail turnover in November stood at $13.753…
