Retail sales volumes rose by 0.5% in January, but people continued to cut back on food due to soaring prices
The general trend in retail spending is downwards, warns ONS director of economic statistics Darren Morgan, despite the 0.5% rise in volumes last month.
Morgan says:
“After December’s steep fall, retail sales picked up slightly in January, although the general trend remains one of decline.
“In the latest month, as prices continue to fall at the pumps, fuel sales have risen.
