Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
UK shop prices declined again in April, although at a slower pace than in the previous month, Helen Dickinson, OBE, Chief Executive from the BRC said Wednesday. Prices for both food and non-food products fell in April, with food prices declining y/y for the first time since January 2017 as better discounts were on offer for previous season stocks than seen a year ago.
"Non-Food deflation continued, with retailers discounting goods, particularly on last season's stock as they made way for the latest products ahead of re-opening. However, some products, such as furniture saw prices generally rise due to the combination of high demand and disruption to global supply chains," Dickinson added.
Many retailers will not be able to maintain the low prices going forward, she said, due to cost pressures from Brexit, shipping, supply chain issues and global food and oil prices increases. The BRC-Nielsen shop price index improved to -1.3% in April, with food inflation ticking down to 0.6%, while non-food prices fell by 1.7%.
Source: BRC-Nielsen Shop Price Index
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.