Data: Retail sales – high inflation masks falling volumes

// Retail sales up despite consumers cutting back on spending amid high inflation
// Like for like retail sales rose 5.2% in April, against a decline 1.7% the year beforeConsumers continue to cut back on purchases as high inflation puts pressure on discretionary spending.
The latest study by KPMG and the British Retail Consortium showed retail sales increased 5.2% on a like-for-like basis in April, against a decline of 1.7% the year before.
However, the figure has not been adjusted for