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UK retail sales growth slows in July

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UK retail sales growth slowed in July as consumers cut back on buying most goods other than food, according to the latest official figures.Sales grew by 0.3% compared with June, the Office for National Statistics (ONS) said.Strong food sales drove the growth, while most of the other main sectors showed a decrease. The gap between wages and inflation is continuing to widen, putting pressure on household spending. In June sales rose by 0.6% against May. Ole Black, ONS senior statistician, said it was a “relatively subdued picture” in retail sales”.”Strong food sales have been responsible for the growth of 0.3% in July compared with June, as all other main sectors have shown a decrease. Whilst the overall growth is the same as in June, trends in growth in different sectors are proving quite volatile,” he said.
Source: BBC