The sharp cuts in furniture and fashion have prompted retail prices in Britain to a decrease in this month, although the rate of wider decline has started to slow down.
According to the British Federation (BRC) and the Nielseni Market Research, the store prices fell 0.7 % on year in January-less than the annual decline by 1 % in December.
“January sales were good news for the deal fishermen, but it is less than good news for retailers who need to change excess stocks,” said Helen Dickenson, CEO of BRC. The non -food sector, which includes furniture and fashion, decreased by 1.8 % year on an annual basis, compared to a decrease of 2.4 % in December when black Friday is dealing with Christmas.
Food prices fell to 1.6 % from 1.8 %, with fresh food inflation to 0.9 % from 1.2 %. However, the surrounding food products-dried and dried goods-are told a 1 % monthly increase, led by sugar, chocolate and alcohol. The annual ocean inflation rate still decreased to 2.5 % of 2.8 %.
Despite the current opponent, Dickenson warned that the price cuts “may not last for a longer period” as retailers face 7 billion pounds of £ £ from the new costs announced in the budget. It is expected that both the supreme national insurance contributions to employers, increase the national wage for living and impose new packaging.
BRC numbers often predict the Consumer Prices Index (ONS), which unexpectedly decreased to 2.5 % in December. The following consumer price index data, which covers January 19, is scheduled to be considered to be considered an increase in inflation due to the increase in the maximum energy price in OffGem and new government policies. However, it is widely expected that England Bank will reduce interest rates by 25 basis points to 4.5 % in its February 6 meeting, reflecting slow economic growth in the UK.
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