Shock climb in retail sales adds to inflation headache
Evening Standard|June 23, 2023
A SHOCK rise in retail sales kept the spotlight on the Bank of England's hard-fought battle to tame inflation today, just hours after a super-sized rate hike surprised the City.
Daniel O'Boyle and Michael Hunter
Shock climb in retail sales adds to inflation headache

Retail sales were up by 0.3% in May as Britons bought summer clothes, garden equipment and sun cream in a month that included three bank holidays and the year's first stretch of warm weather.

There were signs of customers cutting back at supermarkets, though, with food sales down 0.5%.

But Ruth Gregory, deputy chief UK economist at Capital Economics, warned it was "too soon" to say if strong retail sales would last and keep the UK out of recession.

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