Contributed by NAMPA / AFP.
UK retail sales drop on high inflation
London, June 24, 2022 (AFP) - British retail sales by volume dropped in May as soaring inflation caused consumers to limit spending, especially on food, official data showed Friday.
Sales fell 0.5 percent compared with a rise of 0.4 percent in April, the Office for National Statistics (ONS) said.
April's data was sharply revised lower after an initial estimate showed retail sales had jumped 1.4 percent.
"Retail sales fell in May driven by a decl ...