UK Retail Sales See Smallest Gain Since November as Budgets Hit

UK retail sales rose in May at the slowest pace in six months, an industry group found, as increasing prices and higher monthly bills squeezed household budgets.
The 1% year-on-year increase was driven by a 3.6% rise in food sales, fueled in part by get-togethers for sporting events and during the month's holiday weekends, the British Retail Consortium and consultancy KPMG said in a report Tuesday.

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