Retail gross sales jumped in April due to greater spending over Easter, though harder occasions could also be forward, a survey has discovered.
The trade foyer group the British Retail Consortium and KPMG mentioned gross sales had risen 5.6% since April 2016 – up from a fall of 1% in March.
Meals spending accounted for many of the development, however customers had been extra cautious about different gadgets.
The BRC mentioned shopper spending would gradual as inflation climbed.
Chief govt Helen Dickinson OBE mentioned: “The optimistic distortion from the timing of Easter was largely chargeable for the month’s development and seeking to the longer-term indicators of a slowdown, the outlook is not as rosy.”
In line with the research, gross sales of foods and drinks soared over the lengthy Easter weekend boosting whole spending.
Over the three months to April, whole meals gross sales elevated by three.6% – a lot sooner than the 12-month common of two% development, it discovered.
Nonetheless, quarterly gross sales of non-food gadgets grew extra slowly at zero.7%.
Exceptions included gross sales of kids’s garments and toys and furnishings, though researchers mentioned these rises had been seasonal.
In line with official statistics, UK retail gross sales posted their biggest quarterly fall in seven years in March, as the costs of on a regular basis items continued to climb.
The worth of the pound has slumped by round 14% in opposition to the greenback because the EU referendum final June, pushing up the value of imported items. This threatens to derail a shopper spending growth that has underpinned financial development because the referendum.
Ms Dickinson mentioned: “Though at present’s figures do point out that buyers are nonetheless prepared to spend, with a cocktail of rising prices and slowing wage development because the backdrop, circumstances for customers will get harder.”