UK retail sales rise by 0.5% in August, ONS says

In a surprising turn of events, British retail sales climbed by 0.5% in August compared to July, according to official data released on Friday. This figure exceeded the 0.3% growth forecast by a Reuters poll of economists. Despite this positive trend, many households continue to grapple with inflationary pressures, with inflation holding steady at 3.8% last month and food prices escalating at an even faster rate.