(Bloomberg) -- Rising prices have been eating into the purchasing power of U.K. households, darkening the outlook for retail sales. Data on Tuesday is forecast to show consumer-price inflation holding at a four-year high of 2.9 percent in June as weakness in the pound keeps import prices elevated. While that's denting consumer spending, economists predict sunny weather may have helped retail sales -- to be published Thursday -- rebound from their May plunge.
To contact the reporter on this story: Lucy Meakin in London at lmeakin1@bloomberg.net.
To contact the editors responsible for this story: Paul Gordon at pgordon6@bloomberg.net, Brian Swint
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