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Inflation to add 18.2 billion pounds in non-food retail sales
Sale signs in shop window. Image: Unsplash
A new report has found that inflation in the UK could result in a 2.6 percent increase in non-food retail sales, driven by rising consumer prices.
According to research by Metapack, ShipStation and Retail Economics, the sector's sales value is expected to hit 249 billion pounds in 2023, up 18.2 billion pounds of spending on the previous year.
However, while the increase initially presents itself as a positive, the E-commerce Delivery Benchmark Report stated that the rise will be caused by businesses looking to increase the price of products in the...
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