UK retail sales growth slows to its worst performance in almost 4 years as Brexit inflation hits hard

pulse

October 19, 2017 9:56 AM

The Office for National Statistics released its latest data on the state of British retail on Thursday.

ONS releases latest data for retail sales in the UK — a key measure of consumer spending.
Sales fell on a monthly basis in September, dropping 0.7% compared to the previous month.
On an annual basis, the third quarter of 2017 saw the slowest growth in four years.

LONDON — Retail sales in the UK slipped in September, with annual growth slowing to its lowest in around four years, according to the latest data from the Office for National Statistics.

On a three-monthly basis, sales grew by 1.5%, the ONS said, marking the

On a monthly basis sales were down by 0.7% compared to August.

Prices continued to rise in September, the ONS said, reflecting growing inflation thanks to the increased cost of importing goods, brought on by the depreciation of the pound since the Brexit vote.

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