Shoppers in London
Retail sales in August increased for a 52nd consecutive month despite a rise in prices, according to the latest research by the Office for National Statistics.
Retail sales increased by 1.0% in August when compared to July, driven by a rise in clothing and non-essential items.
This was despite a rise in store prices which have recorded their highest year-on-year price growth since March 1992.
The research also shows that the year-on-year contribution of food stores remains flat whilst there was a fall in the contribution of growth within petrol stations.
Kate Davies, a senior statistician at the ONS, said: “Within this month’s retail sales we are seeing strong price increases across all store types compared with a year ago, reflecting wider inflationary pressures.
“However, we are still seeing underlying growth in sales volumes, and with strong growth in non-essential purchases as consumers continued to buy more from non-food stores.”
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