Retail sales grow faster than expected in February

Retail sales grow faster than expected in February

Retail sales picked up in February after growing by 0.8% compared with January, according to the Office for National Statistics (ONS).

Growth, which beat analysts’ forecasts for a 0.4% rise, was driven by petrol, supermarkets and online shopping.

ONS senior statistician, Rhian Murphy, said: “Store prices continue to rise across all store types, but at a lower rate than the previous month.”

Inflation slowed to a seven month low of 2.7% in February.

Source: BBC News

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