Cost-of-living crisis casts shadow over Black Friday across Europe ...Middle East

LONDON: Retailers across Europe usually experience high footfall in the Black Friday shopping frenzy but as this year surging prices have eroded real wages and reduced living standards, consumers tend to stay more cautious about their spending.Lily, a customer in the United Kingdom (UK), told Xinhua that she had to scale back her shopping plan in light of the high inflation rate. People “hold on to their money a little bit more” and are “a bit more cautious with what they’re buying nowadays, especially since Christmas is round the corner”, she said.Inflation in the UK rose by 11.1 per cent in October, hitting a fresh 41-year high. After taking inflation into account, average regular pay fell

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Cost-of-living crisis casts shadow over Black Friday across Europe ...Middle East

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