Retail sales grew 0.7% last month beating expectations, latest official data indicates. It follows a rise of 0.1% in May, a figure which the Office for National Statistics had revised down from 0.3%
The latest retail data will be seen as positive news for the economy, coming on the back of a fall in inflationRetail sales grew 0.7% last month beating expectations with fine, sunny weather helping get shoppers out and spending, latest official data shows.
The increase came across the board, with most of the main retail sectors apart from petrol and diesel sellers seeing their sales rise. "Growth still fell on an annual basis, but at its slowest rate since the beginning of the Ukraine war."Helen Dickinson, chief executive of the British Retail Consortium, said:"June's sunshine gave retail sales growth a boost as customers readied themselves for the summer season, with products in areas such as fashion, skincare and books performing particularly well.
"Falling inflation rates are a clear sign that competition is bringing down prices wherever cost pressures ease."Inflation: 'There's a long way to go' "Government should reconsider the timelines for these interventions in order to not make the current challenging environment even more challenging for households and businesses."
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