Consumer confidence sees improvement despite “stubborn” inflation
The British Retail Consortium has observed an improvement in consumer confidence, but warns confidence “could falter” as inflation remains high.
The British Retail Consortium has observed an improvement in consumer confidence, but warns confidence “could falter” as inflation remains high.
The British Retail Consortium has released its BRC-Opinium data, finding that consumer confidence fell ahead of the Budget.
Over the five weeks from 31st August to 4th October, the British Retail Consortium reported a rise in food sales on the year.
According to the British Retail Consortium, food inflation remained unchanged on the year as prices were driven up by non-food inflation.
The Office for National Statistics has published the latest consumer price inflation rates, finding that the 12-month inflation rate for food had risen.