Sales by retailers in Great Britain directly to end consumers, including spending on goods (in store and online) (Retail Sales Index) and spending on services (Index of Services). The industry as a whole is used as an indicator of how the wider economy is performing and the strength of consumer spending.
Retail sales volumes rose by 1.4% in November 2021 and were 7.2% higher than their pre-coronavirus (COVID-19) February 2020 levels.
Non-food stores sales volumes rose by 2.0% in November 2021, because of growth in clothing stores (2.9%) and other non-food stores (2.8%) such as computer stores, toy stores and jewellery stores, with retailers noting strong trading related to Black Friday and in the lead up to Christmas.
Clothing stores sales volumes in November 2021 were above pre-coronavirus levels for the first time; 3.2% above their level in February 2020.
The purpose of this article is to give the estimated impact of implementing measures announced in the March 2016 budget, previous budgets and pre-budget reports on the Consumer Prices Index (CPI), CPIH - a measure which includes owner occupiers’ housing costs, and the Retail Prices Index (RPI).