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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.

  • Jun- 2022 -
    1 June
    EconomyAlmost half of businesses hit with price increases

    Almost half of businesses hit with price increases

    Approximately half (48%) of businesses currently trading have reported that the prices of materials, goods, or services bought in April 2022 had increased from March 2022, while 23% reported that prices sold had increased across the same period. According to the Office for National Statistics (ONS), the wholesale and retail…

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  • May- 2022 -
    3 May
    FeaturesMissguided: what went wrong?

    Missguided: what went wrong?

    As the face of online shopping for young women around the world, Missguided has faced its fair share of troubles despite its ever-present popularity within the fast fashion industry. Now the company is eyeing potential buyers, it puts into question the future of the business. Since its launch in March…

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  • Apr- 2022 -
    22 April
    EconomyRetail sales tumble amid cost of living crisis

    Retail sales tumble amid cost of living crisis

    Retail sales fell by 1.4% last month as consumers reduced their spending amid the cost of living crisis.  This marked a much steeper decline than the fall of 0.5% reported in February 2022, revised from a previous fall of 0.3%.  According to the Office for National Statistics (ONS), the biggest…

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  • 13 April
    EconomyUK inflation hits 7% amid rising fuel costs

    UK inflation hits 7% amid rising fuel costs

    The annual rate of inflation has hit a new 30-year record with a rise of 7% in the 12 months to March 2022, up from 6.2% in February, with rising prices for motor fuels resulting in the largest upward contribution to the monthly rate. According to the Office for National…

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  • 11 April
    EconomyUK economic growth slows in February to 0.1%

    UK economic growth slows in February to 0.1%

    Gross domestic product (GDP) slowed in the UK as the economy only saw 0.1% growth in February, down from a growth rate of 0.8% in January. According to the Office for National Statistics (ONS), services grew by 0.2% and was the main contributor to February’s growth in GDP, although this…

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  • Mar- 2022 -
    23 March
    NewsTesco

    Inflation hits 30-year high at 6.2% in February

    The Consumer Prices Index (CPI) rose by 6.2% in the 12 months to February 2022, up from 5.5% in January, according to the Office for National Statistics (ONS). It revealed this is the highest CPI 12-month inflation rate in the national statistic series which began in January 1997, and the…

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  • 9 March
    NewsA reshaping of town centres

    A reshaping of town centres

    “The last two years have been tumultuous for retailers but the closures we’ve seen are an acceleration of what was happening before the pandemic,” says Lisa Hooker, consumer markets lead at PwC. The accounting firm recently published a report monitoring the openings and closures of large-chain highstreet operators. It concludes…

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  • Feb- 2022 -
    21 February
    EconomyBira welcomes sales rise, but warns ‘all is not well’

    Bira welcomes sales rise, but warns ‘all is not well’

    The British Independent Retailers Association (Bira) has said it is “pleased to see a rise in retail sales”, but warned retailers against “falling into the trap of thinking all is well”. It was commenting on the recently released figures by the Office for National Statistics (ONS) for the UK retail…

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  • 18 February
    NewsRetail sales up 1.9% in January 2022

    Retail sales up 1.9% in January 2022

    Retail sales volumes rose by 1.9% in January 2022 following a fall of 4.0% in December 2021, according to the latest figures from the Office for National Statistics. It also revealed sales volumes were 3.6% above their pre-coronavirus (Covid-19) February 2020 levels. Non-food stores sales rose by 3.4% as home…

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  • 16 February
    EconomyInflation hits 30-year high amid rising cost of living

    Inflation hits 30-year high amid rising cost of living

    Inflation rose by 5.5% in the 12 months to January 2022, up from 5.4% in December 2021, marking the highest annual inflation rate since May 1992. According to the Office for National Statistics (ONS), the largest upward contributions to the change in the inflation rate between December 2021 and January…

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