UK retail gross sales posted their largest quarterly fall in seven years in March, as the costs of on a regular basis items continued to climb.
Gross sales have been down 1.four% year-on-year on a quarterly foundation, and down 1.eight% in contrast with February 2017, in keeping with the Workplace for Nationwide Statistics (ONS).
It said demand had fallen for every type of products aside from textiles, clothes and footwear.
The most important falls have been seen in gross sales of family items and petrol.
Kate Davies, senior statistician on the ONS, stated: “At the moment’s retail gross sales figures present a decline on the month and on the three months to March.
“That is the primary time we have seen a quarterly decline since 2013, and it appears to be a consequence of worth will increase throughout a complete vary of sectors.”
The ONS stated common retailer costs had elevated by three.three% on the yr, the best progress since March 2012.
The biggest contribution got here from petrol stations, the place costs have been up by some 16.four% on the yr.