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Non-food price deflation eases in July

Non-food deflation eased to its lowest level since December 2017 in July, new research from Nielsen and the British Retail Consortium shows.

Deflation of non-food items stood at 1.4% in July, down from 1.6% in June. Overall shop price deflation continued to ease, as prices fell on average by 0.3%, down from June’s level of 0.5%.

Commenting on the figures ,Mike Watkins, head of retailer and business insight at Nielsen said: “On the non-food high street, retailers are maintaining the level and depth of price cuts and promotions to help drive footfall over the holiday period.

”Looking ahead, with weather-related changes in commodity markets anticipated, fluctuating currencies and wavering consumer spending, retailers still need to minimise price increases, as the underlying trading conditions across the retail industry remain challenging.”

 

 

 

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