BRC Jan SPI - clothing prices lower than the last year
09 Feb '06
2 min read
The BRC Shop Price Index (SPI) inflation rate for January showed overall prices were 0.57 percent lower than in January 2005. The overall index stands at 100.39 compared to 100.97 in January 2005.
Overall, shop prices in January fell by 0.27 percent from December.
Kevin Hawkins, Director General, BRC comments: “These results clearly show that retail price deflation is strengthening, particularly as discounting has in general been less widespread and prolonged this January than in previous years. Yet there is no abatement in the inflation of retailers' fixed costs – wages, property rents and rates, fuel and energy – and the squeeze on margins is tightening.
The overall shop price index for January fell 0.27 percent from December, to 100.39, as the price of non-food items fell.
The inflation rate edged up only marginally in January and remained negative, with prices 0.57 percent lower than in January 2005, compared with 0.64 percent down in December.
The price of non-food items fell 0.50 percent in January, compared to December's fall of 0.55 percent. The annual inflation rate for non-food items remained negative, though rose to -0.58 percent from December's -1.41 percent, showing that prices remain lower than a year ago. The non-food index now stands at 92.96.
New Year sales and promotions across the sector ensured prices were lower than a year ago, with many retailers offering up to 80 percent off, especially on clothing.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
