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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May- 2023 -26 MayHigh Street
April retail sales rise by 0.5%
The Office for National Statistics has revealed that retail sales volumes rose by an estimated 0.5% in April, following a fall of 1.2% in March. This comes as sales volumes rose by 0.8% in the three months to April when compared with the previous three months – the highest rate…
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24 MayEconomy
Inflation falls to 8.7% in April
Inflation has fallen to 8.7% in April, marking the first time it has been in single digits since last summer, according to the latest figures from the Office for National Statistics. Inflation was down from 10.1% in March 2023 and increased by 1.2% in April 2023, compared with a rise…
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12 MayEconomy
UK economy shrinks 0.3% in March
Monthly real gross domestic product (GDP) is estimated to have fallen by 0.3% in March 2023, after showing no growth in February 2023, according to the latest figures from the Office for National Statistics (ONS). Looking at the broader picture, the ONS said GDP grew by 0.1% in the three…
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Apr- 2023 -21 AprilEconomy
Poor weather sees retail sales fall 0.9% in March
Retail sales in the UK fell 0.9% in March according to latest figures from the Office for National Statistics (ONS). Some of this fall can be attributed to the poor weather in March following a 1.1% rise in February. Furthermore, non-food stores sales volumes fell by 1.3% in March 2023,…
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19 AprilEconomy
Inflation remains above 10% in March
Despite easing slightly, inflation remained above 10% in March thanks to food and drink costs reaching a 45-year high, according to the latest figures from the Office for National Statistics (ONS). The ONS found that the Consumer Prices Index (CPI) rose by 10.1% in the 12 months to March 2023,…
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13 AprilEconomy
UK economy flatlines in Feb
Real gross domestic product (GDP) is estimated to have shown no growth in February 2023, where falls in services and production were offset by growth in construction, according to the latest figures from the Office for National Statistics (ONS). The services sector fell by 0.1% in February 2023, after growing…
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Mar- 2023 -22 MarchEconomy
Inflation unexpectedly jumps to 10.4% amid rising food prices
The UK inflation rate unexpectedly increased to 10.4% in February driven by increased drink and food prices which reached their highest rate in 45 years, according to the latest figures from the Office for National Statistics (ONS). The rise in the CPI annual rate between January and February 2023 came…
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Feb- 2023 -17 FebruaryNews
UK retail sales unexpectedly rise due to January discounts
Retail sales volumes in the UK are estimated to have increased by 0.5% in January 2023, according to data from the Office for National Statistics (ONS). Price rises and the cost of living crisis had seen retail sales drop 1.2% in December 2022 but post-Christmas discounts and increased fuel sales…
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15 FebruaryEconomy
Inflation falls to 10.1% in January
Inflation slowed for the third consecutive month in January to 10.1%, down from 10.5% in December, but remains close to a near 40-year high. According to the latest figures from the Office for National Statistics (ONS), on a monthly basis, inflation fell by 0.6% in January 2023, compared with a…
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10 FebruaryEconomy
UK narrowly avoids recession as economy flatlines in Q4
The UK economy narrowly avoided recession as the latest figures from the Office for National Statistics (ONS) shows there was no growth in the fourth quarter from Oct to Dec 2022. It comes as monthly estimates show that GDP fell by 0.5% in December 2022, following an unrevised growth of…
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