Thursday, May 22, 2008

Sales vs. inflation

U.K. Retail Sales Fell for a Second Month in April

Sales declined 0.2 percent from March but are up 4.2 percent from a year earlier.Sales of food fell 1 percent last month, leading the overall decline. Household goods stores sold 1.4 percent less than the previous month and clothing sales were flat, the statistics office said. Retailers cut prices by 0.9 percent from a year earlier to attract shoppers, the report showed.

Posted by ontheotherhand @ 10:12 AM (626 views)
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One thought on “Sales vs. inflation

  • ontheotherhand says:

    Can somebody explain these numbers please? At first I thought sales bing up 4.2 percent from last year was pretty much the same as RPI and so real sales are flat. But then I read that retailers cut prices by 0.9 percent to attract shoppers. How does this claim of lower prices match up with RPI?

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