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Expectations for inflation in Britain in the next 12 months stabilised this month after rising sharply in July, according to a Citi/YouGov survey on Thursday. Official consumer price inflation edged up in July. A sharp rise in prices paid by manufacturers suggests Britain's headline inflation rate will head higher in the coming months.
By Ana Nicolaci da Costa LONDON (Reuters) - British retailers reported their strongest sales in six months in August, industry figures showed on Thursday, adding to signs that consumers are, for now, taking the country's vote to leave the European Union in their stride. The Confederation of British Industry said its sales volume index rose to +9, its highest since February, from an initial slump after the Brexit vote to -14 in July. The release was in keeping with recent data showing consumers shrugging off the shock Brexit vote, with retail sales boosted by warm weather and by overseas buyers attracted by a cheaper pound.