BRC: Bank holidays fail to boost sales growth

Tuesday, 6 June 2023 00:01

Sales figures are not adjusted for inflation. Given that both the May SPI (BRC) and April CPI (ONS) show inflation running at historically record levels, the rise in sales masked a much larger drop in volumes once inflation is accounted for. Covering the four weeks 30 April – 27 May 2023 UK Total retail sales increased by 3.9% in May, against a decline of 1.1% in May 2022. This is below the 3-month average growth of 4.7% and above the 12-month average growth...Request free trial