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...
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