Is it possible to sort Inventory items on a console version of the game, and if so, how?

Solution 1:

The inventory will automatically sort once you've "looked at" each new item (new items are indicated by an asterisk) by highlighting it with the cursor. After you have done this, the inventory will be auto-sorted the next time you open it.

This also applies to using the gamepad on PC; there is no way to manually sort your inventory unless you are using mouse/keyboard.

Solution 2:

On PS4, press L3 (clicking the left joy stick) then you'll get sorting options. It's a bit odd because it only sorts once you close. I usually hit L3 then close which defaults "sorting by type". You must of course be in the inventory view for this option.

I'm sure there is an equivalent for Xbox. Not sure what console you are using.