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Shoppers spend less as costs increase

The summer lift in high street spending has fallen back, according to the latest figures from the Office for National Statistics.

Retail sales volumes fell by 0.9% in September, exceeding economists’ expectations of a fall of 0.3%. The bigger than expected decline follows a rise of 0.4% in August.

Shoppers cut back their spending on clothes and other non-essential items as cost of living pressures and high energy prices began to bite.

The Times (£)

The Guardian 

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