Friday, Mar 02, 2007
Shopper's didn't notice IR rises
Guardian: Prices rise as shoppers keep on spending
The third successive increase in spending on the high street has curbed fears that repeated increases in inflation rates would dampen consumer demand. Joh n Longworth, chairman of the CBI's trades panel said "The headline figures show a heartening high street performance in February as year-on-year sales volumes grew again and selling prices continued to rise. The recent rally in pricing power, while good news for retailers, will provide food for thought for interest rate watchers."
Posted by jellycaster @ 08:56 AM (145 views) Add Comment
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