UK April retail sales +1.4% vs -0.2% m/m expected

• Prior -1.4%
• Retail sales -4.9% vs -7.2% y/y expected
• Prior +0.9%

• Retail sales (ex autos, fuel) +1.4% vs -0.2% m/m expected
• Prior -1.1%
• Retail sales (ex autos, fuel) -6.1% vs -8.4% y/y expected
• Prior -0.6%

UK retail sales volumes unexpectedly picked up in April as food store sales volumes rose by 2.8% and non-store retailing sales volumes rose by 3.7% on the month. Meanwhile, automotive fuel sales volumes rose by 1.4% after recording a 4.2% fall in March when record increases in petrol prices impacted sales.

It looks like the inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term impact is still not taking a continuously painful toll on consumer demand just yet.

As for the annual estimates, keep in mind that in April 2021 saw the reopening of all non-essential retail in the UK after a prolonged period of lockdown. As such, there was a massive surge in activity on pent-up demand resulting in a big jump in retail sales a year ago. Hence, the annual estimate drop mainly reflects the base effect from that.