Economy
The latest news, updates and analysis on the economy and how it is affecting the UK retail industry. Sign up to the Daily Briefing and let Retail Sector’s business journalists keep you in the picture.
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Jan- 2024 -30 January
Shop price inflation drops to lowest level since 2022
Shop Price annual inflation eased to 2.9% in January, down from 4.3% in December, marking the lowest level since May…
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26 January
Retail theft hits highest rate in 20 years
Data from the Office for National Statistics shows that there were over 400,000 incidents of shoplifting in the year to…
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17 January
Inflation unexpectedly rises in December
Inflation unexpectedly increased to 4% in December off the back of rises in fuel and tobacco prices. According to the…
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17 January
Footfall climbed 3.3% in 2023 despite cost-of-living crisis
Footfall steadily rose by 3.3% in 2023 compared with the previous year, despite the rising prominence of the cost of…
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12 January
UK economy rebounds in Nov
The UK economy rebounded in November as monthly GDP increased 0.3% off the back on a 0.3% fall in October,…
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8 January
120,000 retail jobs lost in 2023
Almost 120,000 retail employees lost their jobs in 2023 after more than 10,000 shops shuttered over the year, according to…
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5 January
Northern Ireland records investment volumes of £338m, CBRE finds
Northern Ireland’s commercial investment sector held steady in 2023 despite economic challenges, recording total investment volumes of £338m, CBRE NI…
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2 January
Shop price inflation flatlines in December
The annual shop price rise was slower than the three-month average rate of 4.6% at 4.3%, the lowest since June…
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Dec- 2023 -20 December
UK inflation falls to two-year low of 3.9%
UK inflation has fallen to 3.9% in the year to November, the lowest level seen in two years, according to…
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15 December
A quarter of UK adults to scale back Xmas meal, survey finds
A quarter of UK adults will be scaling back their Christmas meal this year due to the current financial pressures,…
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