Retail sales wane as consumer confidence sinks amid cost of living crisis
The Independent says retail sales growth slowed significantly last month as consumer confidence “continued to sink” amid the cost of living crisis, new research has revealed.
It comes as a rise in household bills, food and fuel has started to affect customer spending patterns, separate research from Barclaycard found. Experts added that the growth in total sales in March was buoyed by price rises across the retail sector.
The latest BRC-KPMG retail sales monitor revealed that total sales increased by 3.1 per cent in March, slipping back from a 6.7 per cent rise in February.
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