As new figures show, retail prices are falling for the first time in almost three years. According to an influential retail group, retailers’ drastic price cuts to get rid of their summer merchandise helped push store prices into deflation in August for the first time since October 2021. Deflation occurs when the general price level […]
Store prices were deflationary in August for the first time in nearly three years, according to new data, as retailers dramatically slashed prices on summer goods to clear inventory. The British Retail Consortium-NIELSENIQ shop price index showed that prices fell by 0.3% in August, compared with inflation of 0.2% in the previous month. This is […]
(Reuters) – British shop prices fell year-on-year this month for the first time since October 2021, reflecting summer sales on clothes and homewares, a survey showed on Tuesday. According to the British Retail Consortium, shop prices fell by 0.3% in August compared to the same month in 2023, following a 0.2% increase in July. Non-food […]
