June retail sales set monthly record, but inflation outpaced gains – Knox County VillageSoup

Sales at local retailers set a record in June, but the modest increase was more than offset by higher inflation.

Retail sales for the region — which includes all of Knox County as well as adjacent towns in Waldo County, Lincolnville and Islesboro — totaled $84.2 million in June. This is a record for the month and 2.6% higher than the previous June record set in 2021.

Inflation from June 2021 to June 2022, however, was 9.1%.

June figures from the Maine Bureau of Revenue Services follow a similar trend to previous months when record sales were recorded, but the increases did not keep pace with inflation.

The largest sales category in the region in June was building materials, which totaled $17.2 million, an increase of more than 3% from a year ago.

Motor vehicle sales totaled $16.4 million, up 6% from a year ago.

Sales of general merchandise – those normally seen in department stores – totaled $12 million, an increase of 3%.

Restaurants reported sales of $11.7 million, an increase of 5%.

Hosting companies reported sales of $7.4 million, down 5% from a year ago.

Taxable grocery store sales totaled just over $9 million in June in the region. That’s down 2% from a year ago.

And the miscellaneous store group that includes antique stores, gift shops, jewelers, drugstores and sporting goods stores reported sales totaling $10.5 million, an increase of 4%. .

Statewide retail sales totaled just over $3 billion, an increase of 3.8%.


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