Priced out: Inflation now hitting UK consumers

Unexpected fall in January sales means underlying trend down for first time since 2013

17th February, 2017
Weak sterling pushing UK prices up. Pic: Getty

Official figures from Britain this morning appear to provide confirmation that higher inflation is starting to bite consumers.

The Office for National Statistics said retail sales fell by 0.3 per cent in January after a 2.1 per cent slump in December. Economists had expected an increase in sales in January.

The December figure was revised from a previous estimate of 1.9 per cent and was the biggest drop since May 2011. The annual rate of increase in...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Analysis: Homeworking legislation needs careful framing for best results

The Profile: Alexei Navalny, Russian opposition leader

Off Message: Putting the con in conspiracy

John Gibbons: Climate science has long been the victim of ‘fake news’ obscuring uncomfortable truths