Just in case you've seen headlines about 'surging' retail sales, as you will see while the 'value' (price) index has risen & continues to do so, the volume of retail sales has remained essentially static (with a slight uptick in January)
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Just in case you've seen headlines about 'surging' retail sales, as you will see while the 'value' (price) index has risen & continues to do so, the volume of retail sales has remained essentially static (with a slight uptick in January)
So growing retail sales are essentially a figment of inflation & not the ability of consumers to actually buy more... yet more evidence of the stagnations of the UK's economy should you need it.
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R AodeRelay shared this topic
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Just in case you've seen headlines about 'surging' retail sales, as you will see while the 'value' (price) index has risen & continues to do so, the volume of retail sales has remained essentially static (with a slight uptick in January)
So growing retail sales are essentially a figment of inflation & not the ability of consumers to actually buy more... yet more evidence of the stagnations of the UK's economy should you need it.
@ChrisMayLA6
Yep--the index reflects an increase in dollars spent, not that people are buying more stuff.
