Britain's retail sales in August increased by only 1%, and air -frying pots and sweater sales in the energy crisis increased

The growth of retail sales in Britain in August has slowed down because consumers are forced to tighten their wallets because they are facing the cost of life cost.

A report issued by the British Retail Association (BRC) and consulting companies on Tuesday showed that retail sales in August only increased by only 1%compared with the same period last year. For the first time in the past few months of clothing sales, parents have also restricted their expenditures for returning to school.

According to the report, as the British inflation rate reaches two digits, the mild annual growth of retail sales "cover up a larger sales decline."

White home appliances and household supplies such as washing machines and cookers have the greatest impact. The sales of air fried pots and wool shirts increase, because frugal consumers are preparing to deal with the impact of continuously soaring energy bills.

British consumers are facing the highest inflation in 40 years, which may lead to a decline of more than a year, which may cause many people to fall into poverty. Helen Dickinson, CEO of the British Retail Association, said: "retailers are preparing for a particularly difficult period in the future." She called for the election of Prime Minister Tellas to freeze the business tax of retailers next year. This is a real estate tax Essence

In August this year, the retail price of British stores reached the highest level since 2005, prompting consumers to go to discount supermarkets and choose their own brand products to save money. People are also increasingly switched to food banks and "buy first and then pay" loans.

The low -cost chain supermarket Iceland Foods received more than 60,000 applications within two weeks, and the application was a small loan that allowed shoppers to pay in installments. This is more than the total amount of loans provided within 18 months than the credit provider behind the plan.

In the three months as of August, Britain's non -food retail sales fell by 2%. KPMA retail partner Tang-Williams (33.72, 0.14, 0.42%) (Don Williams) said that the decline in clothing sales was "significant", which may marked that consumers began to reduce unnecessary expenses.

(Source: Sina Finance)

Edit: Han Luying

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