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UK retail sales fall sharply in January

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Staff writer |
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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