Posted 7th Dec 2018

Mild shop price inflation returns in November

By KBBDaily on 7th December 2018 - 08:00am
money matters, brc, british retail consortium, nielsen, shop, price, index, deflation, non-food, kbb, kbbdaily, retail

The latest British Retail Consortium – BRC – Nielsen Shop Price Index has reported a 0.1% rise in shop prices in November, compared with the decline of 0.2% in October, marking the third month of inflation in the last five years.

According to the BRC, electricals helped to keep non-food shop prices in deflationary territory, with the rate of deflation easing to 0.8%, marking the non-food sectors’ lowest deflation rate since March 2013. Aside from clothing, all other non-food categories saw “modest year-on-year inflation” in November, the BRC added.

“As we approach the Christmas season, the good news for consumers is that prices have remained almost unchanged in November,” said BRC CEO Helen Dickinson. “Furthermore, falls in the price of clothes and electrical goods will be a welcome bonus as the public prepare to do their Christmas present shopping.

“However, the low inflation presents a more difficult picture for retailers who are facing weak consumer demand and uncertainty surrounding Brexit. If the Government wishes to rebuild business confidence, they must work fast to ensure we get a transition period that gives retailers and their suppliers time to adapt to business outside the EU.”

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