Tuesday, July 11, 2017

Tightening the belt

 British households spent more money on food and other essentials last month but held back on less urgent purchases as they faced rising prices, two sets of industry figures show. 

 British Retail Consortium's chief executive, Helen Dickinson, said Rising food prices ... have prompted more cautious spending towards discretionary non-food items." 

Barclaycard said its data showed shoppers were increasingly going to discount supermarkets and looking for bargains online as they "come to terms with a 'new normal' of subdued wage growth and creeping inflation".

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