Inflation drives retail sales growth but shopper budgets remain under pressure
The latest BRC-KPMG monthly retail sales monitor reported that retail sales grew 5.1% in April.
Source: aol.co.uk
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The latest BRC-KPMG monthly retail sales monitor reported that retail sales grew 5.1% in April.
Economists expect official figures will reveal the rate of inflation falling to 10.5% last month from 10.7% in November.
Economists expect the latest official data to reveal Consumer Prices Index inflation jumped to 10.7% last month from 10.1% in September.
The FTSE 100 ended the day down 108.56 points, or 1.47%, at 7,277.3.
More people in Britain are concerned about inflation now than at any point since the early 1980s, an Ipsos survey suggests.