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
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Shop prices down on a year ago

The BRC-Nielsen Shop Price Index (SPI) remained deflationary for the second consecutive month in September.

CITY & CORPORATE

Shop prices down on a year ago

Overall shop prices fell 0.1% in September compared with the same month last year. Food inflation increased to 2.5% in September, from 2.3% in August.Month-on-Month: On a month-on-month basis overall shop prices were broadly flat in September.

The BRC's Director General, Stephen Robertson, said:"More good news for customers. Overall shop prices are down on a year ago for the second month in a row. Prices for non-food goods have been deflationary for ten consecutive months now with clothing, electricals and furniture showing the biggest falls as retailers discount to generate sales.

"Fresh food inflation fell to its lowest level since the index began in 2005 - a dramatic contrast with a year ago. Shop prices for some manufactured foods increased more quickly than last month as big increases in the world prices of sugar and cocoa pushed up costs but this wasn't enough to affect overall shop price inflation.

"Generally, lower prices are likely to go on helping households in the run up to Christmas."

Mike Watkins, Senior Manager, Retailer Services, Nielsen comments: "Non food prices remain lower than a year ago but many shoppers are still reluctant to spend on higher ticket items despite VAT reductions. The marginal increase in the inflation at food stores is indicative of food price inflation returning to the more normal, long-term range of between two per cent and three per cent."

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

Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 2018
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
National Minimum Wage Breakfast Briefing
National Minimum Wage Breakfast Briefing
20 September 2018
6th Floor 1, St. Martin's Le Grand London, EC1A 4AS
National Minimum Wage Breakfast Briefing