Bad weather and high inflation kept consumers away from shops.
LONDON, April 21 - British retail sales fell by a greater-than-expected 0.9% in March from February, official figures showed on Friday, with bad weather and high inflation combining to keep consumers away from the shops.
Darren Morgan, director of economics at the Office for National Statistics, said the broader trend for retail sales was less subdued than the figures for March alone suggested. The sixth-wettest March in records dating back to 1836 hit clothing retailers and garden centres while food store sales fell as consumers continued to be hit by climbing prices. Retail sales volumes in March were 3.1% lower than a year earlier.showed a 19.1% rise in food and drink prices in the 12 months to March, the biggest increase since 1977.
The Bank of England - which is grappling which how much further it needs to raise interest rates - and most private economists expect inflation to fall quickly over the coming months as last year's surge in energy prices drops out of the annual comparison.showed a jump in optimism levels among consumers who were more willing to make expensive purchases.
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