Retail sales fall as shoppers in Great Britain cut back on food spending

Retail sales fall as shoppers in Great Britain cut back on food spending

Britons are spending less on food as rising prices force them to cut back on their weekly supermarket shop, the latest official figures have shown. The Office for National Statistics (ONS) said smaller grocery bills were the main factor behind a 0.5% drop in retail sales in Great Britain last month. However, department stores and household goods outlets also reported a reluctance of consumers to spend as a result of a higher cost of living. The UK’s statistics agency said the 1.6% decrease in the volume of food sales appeared to be linked to inflation, which as measured by the consumer prices index hit a 40-year-high of 9.1% in May. Retail sales growth in April was also revised down from an original estimate of 1.4% to 0.4%, while in the …
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