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Podcast: Beyond Currency
Episode: 12th January 2022 - Rising wages to add to inflation
Description: "Like for Like retail sales data was released yesterday, and it showed that consumers were concerned by the rise in the Omicron variant but more so about rising inflation. Year-on-year, sales rose 0.6% against a rise of 1.8% in November.
Economists at the British retail Consortium believe that the soaring cost of living will have a significant effect on the retail sector. With higher taxation, continual increases in the cost of energy, and rising inflation, the outlook for the first couple of quarters is unlikely to be positive.
There is some good news in that the level of infections is showing signs...