Office for National Statistics
This coverage explores insights from the UK Office for National Statistics (ONS) and their relevance to the retail sector, focusing on consumer spending data, labour market trends, price indices, and economic indicators. Reporting highlights how ONS releases inform retail strategy, performance analysis, and market forecasting — providing essential context for executives, analysts, and decision-makers in retail operations and planning.
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Sep- 2023 -12 SeptemberEconomy
Wage growth starts to outpace rate of inflation
Pay growth has caught up with the rate of inflation for the first time in nearly two years, as wages surged at a record rate in the last quarter, official figures have shown. According to the Office for National Statistics (ONS), earnings, excluding bonuses, rose by 7.8% between May and…
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Aug- 2023 -18 AugustEconomy
Poor weather drags down retail sales 1.2% in July
Retail sales volumes are estimated to have fallen by 1.2% in July 2023 following a rise of 0.6% in June 2023 as poor weather is thought to have deterred shoppers, according to the latest figures from the Office for National Statistics (ONS). Food stores sales volumes fell by 2.6% in…
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16 AugustEconomy
Inflation falls for second consecutive month to 6.8%
Inflation fell for the second consecutive month in July to 6.8%, down from 7.9% in June, as the energy price cap and the slowing of food costs helped drive down prices. According to the latest figures from the Office for National Statistics, the easing in the annual inflation rates in…
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11 AugustEconomy
UK economy grows by 0.2% in Q2
The UK economy has grown faster than expected in the three months to June, new figures from the Office for National Statistics (ONS) show. According to the ONS, GDP rose by 0.2% in the second quarter of the year, up from a growth of 0.1% in the first quarter. In…
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Jul- 2023 -21 JulyEconomy
Hot weather boosts June retail sales
June retail sales beat forecasts in June, rising 0.7% compared with predictions of 0.2%, as hot weather helped encourage shoppers. According to the latest data from the Office for National Statistics (ONS), non-food stores sales volumes rose by 1.0% in June 2023, following a fall of 0.5% in May 2023…
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19 JulyEconomy
Inflation falls faster than expected in June
The rate of price rises has fallen to 7.9% in June, down from 8.7% in May, according to the latest Consumer Prices Index (CPI) from the Office for National Statistics (ONS). On a monthly basis, the CPI rose by 0.1% in June 2023, compared with a rise of 0.8% in…
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13 JulyEconomy
UK economy shrinks in May
The UK economy contracted by 0.1% in May as output was negatively affected by the King’s coronation, according to the latest statistics from the Office for National Statistics (ONS). On a three month basis GDP has shown no growth, however, monthly GDP is now estimated to be 0.2% above its…
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Jun- 2023 -23 JuneHigh Street
Bank holidays boost May retail sales
Retail sales volumes are estimated to have risen by 0.3% in May 2023, beating analysts’ forecasts amid a welcomed boost from warm weather and May bank holidays. According to the latest figures from the Office for National Statistics (ONS), non-store retailing sales volumes rose by 2.7% in May 2023 because…
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21 JuneEconomy
Inflation fails to fall in May
Inflation in the UK remained unchanged at 8.7% in the year to May, dashing hopes that prices would continue to fall. According to the latest figures from the Office for National Statistics (ONS) rising prices for air travel, recreational and cultural goods and services, and second-hand cars resulted in the…
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7 JuneSupermarkets
Sainsbury’s CEO lands near £5m pay packet
The CEO of Sainsbury’s Simon Roberts received a pay packet of £4.95m last year in the form of cash and shares. The bulk of this award was a £1.7m bonus and £2.2m in share awards alongside Roberts’ £899,000 base pay, a 3.5% increase. Overall this figure of £4.95m was an…
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