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UK retail sales fall sharply in January

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Staff writer | Monday January 25, 2016 5:50AM ET
UK retail sales
Consumers   Average store prices were in decline for 18 months

Consumers in Britain pulled back on spending at the end of 2015. UK retail sales volumes fell by 1% month-on-month in December.

This is an even sharper drop of 1.4% when sales of petrol are excluded, according to the Office for National Statistics.

In comparison to a year ago, retail sales volumes were left standing up by 2.6% (consensus: 4.3%) and by another 1.1% in terms of quarterly rates of change.

Average store prices, including those at petrol stations, declined for an 18th consecutive month, retreating by 3.2% in year-over-year terms.

In value terms, adjusting for changes in prices that is, retail sales decreased by 1.0% versus a year ago.


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