Retail sales fall as shoppers cut spending on food and furniture

Retail sales fall as shoppers cut spending on food and furniture

'The retail sector is effectively already in recession': Sales fall as shoppers cut spending on food and furniture amid soaring prices - Retail sales volumes, or the amount bought, fell 0.5% between April and May - Sales at food stores were down 1.6%, with specialist stores seeing sales fall 2.2% - Only fuel and clothing sales rose, amid return to the office and ahead of holidays - Retail sales values, the amount spent, rose 0.6% over May and by 5% on last year - But with inflation at 9.1%, it clearly means shoppers are cutting back Retail sales fell further in May as shoppers slashed spending across the board, from food to furniture, as the cost of living crisis bites. With April's rising bills swallowing a much bigger slice of …
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