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Rising prices affect retail sales

Retail sales in the UK rose by just 0.3 per cent in volume terms between November and December, according to the Office for National Statistics.

While the volume of sales rose 2.1 per cent compared with December last year, analysts forecast a large monthly increase, with the expectation of a 1 per cent rise. Rising prices were blamed for the smaller than expected increase.
The estimated total value of sales in December 2009 was £35.3 billion, rising 0.9 per cent compared with November and up 3.6 per cent compared with one year ago.

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