Shop prices are teetering on the edge of a return to inflation against a backdrop of higher import costs and a tightening squeeze on discretionary spending, new figures from the British Retail Consortium and Nielsen show. For a third consecutive month, shop prices decreased at an annual rate of 0.1% in November, the shallowest deflation…
Shop prices show promising signs of upward trend
Overall shop prices reported deflation of 1.4% in December, a deceleration from the 1.7% fall in the previous two months. A report has shown that non-food deflation decelerated to 1.9%, down from 2.3% in the previous month. This is the weakest deflation rate since June 2015. Helen Dickinson, chief executive of the British Retail Consortium,…
Competition continues to drive shop price deflation in July
Shop prices continued to fall in July as competition between retailers remain strong. Overall shop prices reported deflation of 1.6% in July, from the 2.0% decline in June, according to the BRC-Neilson Shop Price Index. This is above the 12-month average of 1.8%. Non-food deflation decelerated to 2.2% in July, from 2.8% in June. This…
Shop price deflation continues in May showing no sign of an end
Overall shop prices reported deflation of 1.8% in May, from the 1.7% decline in April. According to the British Retail Consortium, this is in line with the 12-month average, Non-food deflation slowed to -2.7% from 2.9% in April, which is also in line with the 12 month average. This report shows that shop price inflation…
April marks three years of shop prices falling
April 2016 marks three years of falling shop prices, with prices declining by 1.7% in April compared to a year earlier. According to the British Retail Consortium (BRC) and Nielsen’s Shop Price Index non-food deflation accelerated to 2.9% in April from the 2.6% fall in March. This is deeper than the 12-month average of -2.7%.…
BRC reports 34th consecutive month of shop price deflation
The British Retail Consortium (BRC) has reported a deflation of 2.0% for overall shop prices in February, from 1.8% in January. On a 12-month average basis, the Shop Price Index reported deflation of 1.8%, with non-food deflation remaining at 3.0% for the third consecutive month. BRC chief executive Helen Dickinson OBE, said: “Within non-food [we]…
January marks 34th month of non-food price drops
Overall prices for items in non-food shops have continued to fall for the 34th month in January, according the latest report from the BRC-Nielsen Shop Price Index. The BRC states that overall shop prices (including food) reported deflation of 1.8% in January from a 2.0% decline seen in December. Non-food deflation remained at 3.0% for…
December marks 33rd month of non-food price drops
Overall prices for items in non-food shops have continued to fall for the 33rd month, according the latest report from the BRC-Nielsen Shop Price Index. The BRC states that overall shop prices (including food) reported deflation of 2.0% in December from the 2.1% decline seen in November. Non-food deflation decelerated to 3.0% from 3.3% in…
Shop price deflation falls to joint record low
Overall shop prices reported a joint record low deflation of 2.1% in November from a 1.8% decline in October, according to the British Retail Consortium (BRC). BRC states that on a 12-month average basis, the Shop Price Index reported deflation of 1.7%. Non-food deflation decelerated to 3.3% from 2.7% in October. BRC chief executive, Helen…
January shop price inflation lower than expected
Many retailers fail to pass on VAT increase to shoppers Shop price inflation rose just 2.3% in January, despite the VAT increase, as many retailers failed to pass the increase on to shoppers, according to the BRC-Neilsen Shop Price Index. Non-food inflation accelerated to 1.9% in January, up from 1.4% in December. British Retail Consortium…
