UK February retail sales -0.3% vs +0.6% m/m expected

• Prior +1.9%
• Retail sales +7.0% vs +7.8% y/y expected
• Prior +9.1%

• Retail sales (ex fuel) -0.7% vs +0.5% m/m expected
• Prior +1.7%
• Retail sales (ex fuel) +4.6% vs +5.6% y/y expected
• Prior +7.2%

A swing and a miss on UK retail sales as consumption activity slows down in February. Non-store retailing sales volumes fell by 4.8% on the month while food store sales volumes fell by 0.2% on the month. The details show that some of the drop in the former may also be because of affordability concerns. That indicates that the cost-of-living crisis is starting to become more evident, as 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 grips.