Home / Knowledge / News / Shop price Inflation slow in Jan
Shop price Inflation slow in Jan
07
Feb '08
Year-on-Year: In January London saw shop price inflation slow to 2.5% on a year-on-year basis, from the 2.9% annual rate seen in December. This is the third consecutive month inflation has fallen and, while still relatively high compared to the UK as a whole, it is at its lowest rate since June 2007.

Month-on-Month:
On a month-on-month basis shop prices fell by 0.4% after rising 0.4% in December. The traditional January sales kept prices down, with many retailers discounting heavily. This is the first time London shop prices have fallen month-on-month since July 2007 when summer sales led to a fall in the monthly rate of inflation.

The BRC's new Director General, Stephen Robertson, said:
“London retailers continued to discount heavily into the New Year to entice cash-strapped customers to spend. In January, year-on-year shop price inflation in the capital fell to its lowest rate in seven months. With prospects for the South East economy looking tough, the Bank of England must act now to build reviving rate-cut momentum before it's too late.”

Mike Watkins, Senior Manager, Retailer Services, Nielsen comments:
“Retailers in London are still reliant on discounts to bring in shoppers and, with disposable incomes under increased pressure this month, this consumer caution is reflected in a modest increase in overall prices by retailers in January - increases which are less than the headline RPI.“

British Retail Consortium

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Apparel/Garments | On 25th Mar 2017

Net sales at Christopher & Banks fall 10% in Q4

Net sales totalled $85.0 million for the fourth quarter ended January ...

Courtesy: Li & Fung

Textiles | On 24th Mar 2017

Li & Fung forms new supply chain partnership with PVH Corp

Li & Fung Limited, the world's leader in consumer goods design,...

Interviews View All

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search