CBI survey shows biggest monthly decline in retail sales since recession of 2009 with inflation to blameThe fastest monthly fall in tall street sales since the height of the recession in 2009 has raised fears for the retail sector ahead of the crucial Christmas trading period.
A survey by the the CBI found that 50% of retailers suffered declining sales in October while only 15% benefited from an increase,leaving a rounded balance of -36%, the lowest since March 2009.
Inflation is when prices rise. Deflation is the opposite – price decreases over time – but inflation is far more common.
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Source: theguardian.com