Retail footfall up despite inflation fears

15 November 2016 - Janet Bird

uk inflation

Inflation fears have done little to dampen Brits' enthusiasm for shopping, according to new data.

Figures released by retail analysts Ispos show the average weekly footfall during October for non-food shopping was up 4.2 percent compared to the previous month.

According to Ipsos' Retail Traffic Index, the north of England showed the biggest rise among the regions with footfall up 6.4 percent compared to September.

Footfall figures are still down 1.9 percent compared to October 2015 but, with the latest set of data released by the British Retail Consortium and KPMG showing retail sales growing at the highest rate since January in the three months to October, early evidence suggest retailers could still have cause to celebrate this Christmas if shoppers continue to hold their nerve and keep the tills ringing in the run up to the festive season.

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