"Retail sales declined on the back of contractions affecting all commodity groups," BI said in a release on Wednesday.
According to the central bank, survey respondents attributed the deepest sales decline affecting Clothing, as well as Cultural and Recreational Goods.
In addition, survey respondents also predicted a milder sales contraction in sales, with the RSI in June 2020 reaching -14.4 percent (yoy).
"Milder compared with the previous months," BI stated.
Lastly, The lastest survey also indicated that inflationary pressures in the future are likely to decrease, as reflected by a decrease in the 3-months Price Expectation Index (PEI) to 138.6 (August 2020) from 162.4 a month earlier, and a decrease in the 6-months Price Expectation Index (PEI) to 142.5 (November 2020) from 146.4 in the previous month.