Retail sales figures - PwC chief economist comments

Published at 13:04 PM on 21 February 2014

In response to ONS UK retail sales figures released today, John Hawksworth, PwC’s chief economist, said:

"Retail sales volumes remained strong in January, with growth of around 4% in the last three months compared to a year earlier, which is the best indicator of the underlying trend. Non-food stores and internet sales continue to lead this strong growth in the volumes of sales, which has also been propelled by highly competitive pricing.

“Average retail sales prices rose by only 0.2% in the year to January 2014, as compared to 1.9% inflation in the overall consumer price index. This reflects larger increases in non-retail prices such as utility bills, insurance premia and student fees."

Ends

 

Gill Carson
PwC | Media Relations Manager
Office: 020 7212 1391 | Mobile: 07837 285466
Email: gill.carson@uk.pwc.com
PricewaterhouseCoopers LLP
twitter: @gill_carson
http://www.pwc.com/

 


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