UK retail sales fall year on year for first time since 2013

Rising food prices and economic uncertainty are making shoppers cautious about spending, say analystsRocketing food inflation and uncertainty about the outlook for the UK economy have sent retail sales tumbling to their first year-on-year fall since 2013. Food prices, which were 3.5% higher than a year earlier, helped push the volume of goods bought in shops and online down by 0.3% from October 2016. Continue reading...