Home / Knowledge / News / February annual price inflation remains unchanged
February annual price inflation remains unchanged
06
Mar '08
Year-on-Year: For the second consecutive month shop prices in London were 2.5% up compared to a year ago thus remaining at the lowest rate of inflation since June 2007. London continues to show shop price inflation that is significantly higher than the UK as a whole where annual inflation rose to 1.3% in February from January's rate of 1.2%.

Month-on-Month: In February shop prices were up 0.4% compared with the previous month. Prices picked up again in February as discounts became less widespread.

February's 0.4% increase on a month-on-month basis offset January's 0.4% fall in prices compared with a month ago. This follows the same trend as both the UK and Scotland, where prices rose in February after falling in January.

The BRC's new Director General, Stephen Robertson, said:
“Discounting continued to be used by London retailers to encourage customers to spend. In February annual price inflation remained the same as the previous month, the lowest rate since June last year. Shoppers remained cautious about purchases as concerns about the economy continued.”

Mike Watkins, Senior Manager, Retailer Services, Nielsen comments:
“More stable prices in non-food in recent weeks are no longer providing a counterbalance for the consumer as food prices continue to increase. So with overall spend still slowing, retailers in London may need to consider increased promotional activity post Easter to drive sales“

British Retail Consortium

Must ReadView All

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Apparel/Garments | On 25th May 2017

Guess records $458.6 million revenue for Q1 2018

For the first quarter of fiscal 2018, the net revenue of American...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Prathyusha Garimella
Prathyusha Garimella

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search