Surprisingly good news from the High Street came yesterday, as the Office of National Statistics revealed a year on year rise in sales of 3.2 percent. The data was at odds with figures from the CBI and the British Retail Consortium.
In part - the explanation for this lies with the internet. ONS figures include online sales- while surveys from BRC, the CBI and Footfall indexes don’t.
But, the data has more surprising news, which is not so easily explained away. Despite reports, and indeed the evidence of our own eyes, on store discounting, the ONS had annual retail price inflation rising 0.3 percent from 0.1 percent in October
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