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UK retail sales up 0.3% in November UK retail sales up 0.3% in November
(40 minutes later)
UK retail sales rose 0.3% in November, broadly in line with expectations.UK retail sales rose 0.3% in November, broadly in line with expectations.
But the previous month's sales were stronger than initially thought, with the Office for National Statistics (ONS) revising up October's figure from a rise of 0.5% to 0.7%.But the previous month's sales were stronger than initially thought, with the Office for National Statistics (ONS) revising up October's figure from a rise of 0.5% to 0.7%.
The ONS said November's growth was driven by sales of toys, sporting goods, watches and jewellery.The ONS said November's growth was driven by sales of toys, sporting goods, watches and jewellery.
Internet sales accounted for a record 10.5% of all sales, up from a 7.9% share this time last year.Internet sales accounted for a record 10.5% of all sales, up from a 7.9% share this time last year.
Anecdotal evidence suggested that shoppers were browsing in stores before making purchases online, the ONS said.
Inflation worries
Sales were up by 1.1% from November last year, the ONS said in its latest statistical bulletin.
October's year-on-year figure was also revised from a 0.1% fall to a rise of 0.3%.
The ONS also estimated prices were some 2.3% higher in November than a year ago, which may further fuel fears of rising inflation.
Food price inflation has been accelerating and VAT is due to rise to 20% from 17.5% on 4 January.
A separate survey from the Bank of England showed that members of the public expect inflation of 3.9% over the next year, the highest expected rate since August 2008.
Inflation on the Consumer Prices Index (CPI) measure currently stands at 3.3% and has been at least a percentage point above the central bank's 2% target since the beginning of the year.