Temporary rebound in retail sales?

Well, yes, retail sales volumes did increase by 1.1% in April compared to March. And yes, this was the biggest rise in retail sales since April 2002. But…. sales volume in the three months to April did only grow by 0.2%. It seems that the growth was only just a temporary blip mainly fuelled by the unseasonably warm weather and … Continue reading

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Shock rise in UK prices

CPI annual inflation, the government’s target measure, was 4.4% in February, which was a substantial rise on the figure of 4.0% recorded in January. Most analysts had been expecting a rise, but not by as much as this. This is the highest figure since October 2008. The main upward pressure on prices came from domestic heating costs – particularly gas, … Continue reading

Posted by Nigel Tree | Comments Off on Shock rise in UK prices