UK retail sales unexpectedly decline as inflation bites

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!

London - UK retail sales unexpectedly fell for a third month in January, suggesting consumers are starting to feel the squeeze from accelerating inflation.

The volume of goods sold in stores and online declined 0.3% following a 2.1% plunge in December, the office for national statistics said on Friday.

The fall confounded market expectations for a 1% increase. In the three months through January, sales dropped 0.4%, the worst quarterly performance since 2013.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
Rand - Dollar
14.13
+0.0%
Rand - Pound
19.86
+0.0%
Rand - Euro
17.07
-0.1%
Rand - Aus dollar
10.92
-0.0%
Rand - Yen
0.13
-0.2%
Gold
1,826.85
+0.6%
Silver
27.09
+0.4%
Palladium
2,863.32
+0.1%
Platinum
1,210.07
-0.3%
Brent Crude
69.32
+1.1%
Top 40
60,211
-2.1%
All Share
66,169
-1.9%
Resource 10
69,474
-3.1%
Industrial 25
82,513
-1.5%
Financial 15
12,499
-1.1%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
21% - 1436 votes
No, I did not.
52% - 3596 votes
My landlord refused
28% - 1910 votes
Vote