According to the Distributive Trades Survey, produced by the Confederation of British Industry (CBI), strong demand in the UK has led to increased retail prices. The survey showed that 53% of UK retailers said year-on-year sales volumes were up in May with just 21% reporting a decline. The rounded balance of +31 marked the sixth consecutive month of growth, although it was lower than April's three-year high (+44) and expectations for May (+36).

Share this story: