Price rises boost December sales for shops

Business / Tue 10th Jan 2023 at 08:51am

RETAIL sales jumped by 6.9% in December but were driven by higher prices rather than people buying more, figures show reports the BBC.

There was also a “healthy” rise in like-for-like sales from last December, according to the British Retail Consortium and accountancy firm KPMG.

Mindful of rising household bills, shoppers invested in energy-saving products and warm clothing.

But the overall sales rise “is largely due to goods costing more”, said KPMG’s head of retail Paul Martin.

He added that it “masks the fact that the volume of goods that people are buying is significantly down on this time last year”.

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2 Comments for Price rises boost December sales for shops:

James Griggs
2023-01-10 09:41:48

So the headline should really read ‘Households left poorer as prices soar’ The reality is that the rich are getting richer and the poor are getting poorer while the Government talks about things but does nothing. Every day I meet residents from across the town who are struggling to make ends meet, many of them using foodbanks and community hubs for the first time, never having dreamed they’d be in such a situation. Many are in households where all are working but the costs are so high they still find it hard to balance their budget. I could not be more ashamed to live in a country with enough wealth to remove these problems but with a government that refuses to do so.

Kim Oconnor
2023-01-10 09:42:12

No surprises there then.

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