Cost of living: Retail sales fall to rate 'not seen since depths of pandemic' as inflation bites

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Cost of living: Retail sales fall to rate 'not seen since depths of pandemic' as inflation bites
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The British Retail Consortium appeals for government aid to help keep a lid on prices at the shops as it reveals the third consecutive month of falling sales volumes.

The BRC noted a temporary lift in grocery spending during the Queen's platinum jubilee Bank Holiday and some business for fashion retailers as the weather warmed up.Small firms facing 'quite scary' impact from rising costsThe body also pointed to a particular lack of demand for big purchases, such as household appliances and furniture.

BRC chief executive Helen Dickinson said:"Sales volumes are falling to a rate not seen since the depths of the pandemic, as inflation continues to bite and households cut back spending." She added:"Retailers are caught between significant rising costs in their supply chains and protecting their customers from price rises.

"The government needs to get creative and find ways to help relieve some of this cost pressure - the upcoming consultation on transitional relief is a golden opportunity to ensure that retailers aren't overpaying on their business rates bills. "Government action on transitional relief would make a meaningful difference to retailers' costs and ease pressure on prices for customers."

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