Retail sales fall sharply as cost of living biteson September 16, 2022 at 8:36 am

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Consumer spending was hit in August as household finances came under increasing pressure.

Shoppers in the rainImage source, Getty Images

Retail sales fell in August as the rise in the cost of living put pressure on households, official figures show.

Sales fell by 1.6%, continuing a slide since summer last year after hospitality restrictions were lifted, the Office for National Statistics (ONS) said.

Retail sales in all the main sectors – food, non-food, online and fuel – fell over the month, the ONS said.

Supermarkets’ sales volumes also fell by 0.9% in August.

However alcohol and tobacco sales rose by 6.3%.

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