Retail sales fall unexpectedly in January

Retail sales fall unexpectedly in January

Retail sales slipped back unexpectedly in January, following on from December's dip.

Official figures, from the Office for National Statistics (ONS), showed retail sales volumes dropped by 0.3% compared with the previous month, well below the 0.9% rise expected.

The ONS said the data indicated the first signs of a fall in the underlying trend since December 2013.

It said evidence suggests higher fuel and food prices were key factors.

Compared with January 2015, sales were up 1.5%, the weakest performance since November 2013.


Figures earlier this week from the ONS showed inflation rose to its highest level in two and a half years at a time when wage growth was slowing down.

Fuel prices jumped 16.1% in January, the biggest changed since September 2011.



Add Comment

all comments

  Other news

more
CCTV captures 'appalling' cyclist hit-and-run

CCTV captures 'appalling' cyclist hit-and-run..

21-Jul, 09:00

It happened at the same junction where a car being followed by police...

Winston Churchill tried to cover up royal family’s ‘Nazi connection’

Winston Churchill tried to cover up royal family’s ‘Nazi connection’..

20-Jul, 12:32

Britain’s wartime Prime Minister Winston Churchill desperately tried to...

Summer childcare

Summer childcare..

20-Jul, 12:51

Keeping your children entertained during a long summer holiday is never...

BBC bosses make a HUGE declaration about Jodie Whittaker's pay packet as they confirm she will recieve salary 'parity' with former Doctor Who Peter Capaldi

BBC bosses make a HUGE declaration about Jodie Whittaker's pay packet as they confirm she will..

21-Jul, 02:10

After Jodie Whittaker was announced as the first ever female Doctor Who...

Bad weather hampers search for missing US climber

Bad weather hampers search for missing US climber..

22-Jun, 08:25

The Russian Emergencies Ministry says the search for a missing American...

Ready to serve: Businesses find vets are dedicated, capable

Ready to serve: Businesses find vets are dedicated, capable..

24-May, 12:33

Clinton Smith hires veterans because he knows military service has helped...

I’m Sorry Kang Nam Goo Episode 51

I’m Sorry Kang Nam Goo Episode 51..

28-Feb, 22:12

The following I’m Sorry Kang Nam Goo Episode 51 English Sub has been...

What US options are 'on the table' with North Korea?

What US options are 'on the table' with North Korea?..

20-Mar, 23:20

Secretary of State Rex Tillerson has signaled that the U.S. will take a...