Inflation picked up by a little more than expected in October as the Covid-19 pandemic continued to affect the cost of goods, with clothing and food prices rising during the month, official data showed on Wednesday.
Online sales are set to overtake physical retail for the first time this Christmas, according to a new prediction from delivery specialist ParcelHero. The company said Britons should spend £39.41bn online this time.
British inflation jumped unexpectedly last month to its highest rate since March, pushed up by clothing retailers refraining from their usual summer discounts as they reopened from the coronavirus lockdown.
Official data on Friday showed that June’s retail sales volumes rose 13.9% month-on-month in June “as non-food and fuel stores continue their recovery from the sharp falls since the start of the pandemic”.
UK retail sales “partly rebounded in May”, the Office for National Statistics said on Friday. And while year-on-year sales still fell, the drop was less than might have been expected. Fashion also got an e-stores boost.
With retail going through a major transformation due to the coronavirus pandemic, a new report says that one key difference we’ll see going forward is the larger number of older people shopping online.
UK retail suffered historic sales falls during March with volumes down by 5.1% compared to February and down 5.7% by value, the largest fall since the Office for National Statistics started recording figures.
Britain's inflation rate dropped in March when the coronavirus crisis escalated, official data showed on Wednesday, with a fall in clothing and footwear prices signalling how cautious shoppers were turning.