THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Shop price inflation slows

The BRC-Nielsen Shop Price Index for May reveals that overall shop price inflation slowed to 1.8% in May from 2% in April.

GENERAL MERCHANDISE

Shop price inflation slows

The BRC-Nielsen Shop Price Index for May reveals that overall shop price inflation slowed to 1.8% in May from 2% in April.

Food inflation rose to 2.2% in May from 2% in April. Non-food inflation slowed to 1.6% in May from 2% in April.

Stephen Robertson, British Retail Consortium Director General, said: "In May, overall shop price inflation slowed compared with the previous month, despite big rises in some costs.

"Past rises in the price of oil continue to put pressure on transport costs. International shipping prices are up over a third. Cotton prices are up 40%. But clothes and electricals are cheaper than they were last year, as retailers hold prices down in the face of customers' reluctance to spend. Food inflation was up slightly, but that should ease. Tinned and packet foods were the main cause because recent falls in commodities, such as wheat and coffee, have yet to work through to shop prices."

Mike Watkins, Senior Manager, Retailer Services, Nielsen added: "Food inflation that is imported, seasonal or weather related is still impacting shop prices but the rate of increase since the start of the year has started to slow. With headline sales growth in food retailing struggling to get to three per cent in recent weeks, retailers have to maintain promotions and offer further savings to get sales momentum. Shoppers continue to be price-aware and weak demand has not helped non-food retailing where we have seen more discounting and bigger price reductions - all of which can be expected to continue on the high street for the immediate future."

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Digitally native competitors and demanding customers are forcing a new perspective in retail. AI and machine learning can help you step up to the challenges; and some ‘small and beautiful’ solutions can increase your conversion rates within just a few weeks.
Payment Roundtable 2019
Payment Roundtable 2019
6 February 2019
The Cavendish Conference Centre, 22 Duchess Mews, London W1G 9DT
The Retail Bulletin Payment Roundtable will raise debate and discussion centred on but not exclusive to improving the in-store payment process