UK retail sales beat masks the greater pain that households are facing ...Middle East

So, what exactly does that mean? Essentially this: Paying more for lessInflation may be coming down on paper but there remains a major divergence between what consumers are paying and what they are getting in food stores. And ultimately, that trickles down to every spending decision that households will make. If you're having to pay more for essentials, that leaves less room for non-essential spending. Here's the chart highlighting that divergence:Unfortunately, this is a reality faced not just in the UK but in most places around the world. Typically, when prices go up, they don't come back down even if the costs for the product normalises over time.In Australia, there is growing backlash on

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Last updated : 22 Dec 2023 clock 10:44 AM

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UK retail sales beat masks the greater pain that households are facing ...Middle East

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