UK retail sales rise in January

Published

10 minutes ago

UK retail sales increased by 0.5% in January, following a drop in December, official figures show.

But sales volumes fell 5.1% compared with January last year, according to the Office for National Statistics.

Prices have been rising sharply since last year, mainly due to soaring energy costs, which has put pressure on millions of households.

While the rate of inflation is starting to ease, at 10.1% it remains close to a 40-year high.

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