UK retailers’ worst year ever caps shows inflation’s effects

U.K. retail sales fell unexpectedly in December 2022, finishing the worst year on record as a brutal cost-of-living squeeze pointed toward more pain ahead for the economy. The Office for National Statistics reported Jan. 20 that a 6.1% drop in the volume of goods purchased in shops and online was the sharpest since records started […] The post UK retailers’ worst year ever caps shows inflation’s effects appeared first on Digital Commerce 360.