Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Shop prices creep up in May

Non-food prices increased by 0.2% month on month in May, as retailers struggle to absorb rising costs. 

This is the second month of non-food price inflation in 2019, the Nielsen and British Retail Consortium (BRC) index shows. It follows six years of deflation in non-food prices, driven by heavy discounting.

Helen Dickinson, BRC chief executive, said: “Rising costs associated with currency depreciation, stockpiling, rising minimum wage and the apprenticeship levy have all put upwards pressure on prices for a while, and it now appears that retailers cannot absorb them any longer.

”Unless the government addresses future cost rises, including spiralling business rates, we may see larger price rises in the future.”

Tags

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.