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."



Gill Carson
PwC | Media Relations Manager
Office: 020 7212 1391 | Mobile: 07837 285466
Email: [email protected]
PricewaterhouseCoopers LLP
twitter: @gill_carson



About PwC

At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 157 countries with more than 208,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at

PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see for further details. © 2016 PwC. All rights reserved

« Public borrowing figures - PwC chief economist comments | Homepage | Online shopping via PC is declining faster than store shopping in the UK, as consumers switch to mobile and tablets »

  • Contact us
  • +44 (0) 20 7213 1768

Specific and out of hours contacts