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23 Jan 2015
UK retail sales see growth for the 21st consecutive month
FXStreet (Mumbai) - The data released by the UK Office for National Statistics (ONS) today showed Retail Sales came-in at 4.3%, beating the expected print of 3.4%, and down from the previous month’s print of 6.9%. The full year – 2014 retails rose 3.8% compared with 2013.
The details reveal, the average store prices fell by 2.2% year-on-year, its largest fall since 2002. The biggest contribution came from Petrol station prices, which fell 9.7%. Petrol prices are at their lowest level since October 2009 and diesel prices at their lowest since March 2010. Meanwhile, the amount spent in the retail industry increased by 1.9% year-on-year in December.
The details reveal, the average store prices fell by 2.2% year-on-year, its largest fall since 2002. The biggest contribution came from Petrol station prices, which fell 9.7%. Petrol prices are at their lowest level since October 2009 and diesel prices at their lowest since March 2010. Meanwhile, the amount spent in the retail industry increased by 1.9% year-on-year in December.