Retail sales slow in third year of high living costs
UK retail sales slowed in January as “the higher cost of living continued into its third year,” according to the latest BRC-KPMG Retail Sales Monitor.
Total UK retail sales increased 1.2%, against a rise of 4.2% in January 2023. This was above the three-month average growth of 1.9% and below the 12-month average of 3.4%.
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