BRC said consumer spending increased by 1.2% in January compared with the same month last year. — Reuters
LONDON: United Kingdom retailers reported sluggish sales in January as shoppers remained cautious about spending, according to a survey, which underscores how high inflation and borrowing costs are weighing on households.
The British Retail Consortium (BRC) said consumer spending increased by 1.2% in January compared with the same month last year, representing a fall in purchases after inflation is taken into account and below a 1.7% rise in December.
