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Fine weather encourages UK shoppers to brush off inflation pressure

Retail sales volumes jumped by 2.3% in the month of April

Reuters  |  London 

British shoppers set aside their concerns about fast-rising inflation following the Brexit vote and stepped up spending last month at the fastest rate in years, encouraged by fine weather, official data showed. Retail sales volumes jumped by 2.3 per cent in the month of April, as reported by the Office for National Statistics(ONS) on Thursday. The robust data contrasts with a generally downbeat tone so far this year, as a pick-up in inflation triggered by the fall in the pound after last year's Brexit vote ate into households' disposable income. The rebound followed ...

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First Published: Thu, May 18 2017. 17:46 IST