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LONDON (MNI)

UK shop prices declined again in June at a slightly faster pace than in the previous month, Helen Dickinson, OBE, Chief Executive from the BRC said Wednesday. The BRC-Nielsen shop price index fell 0.7% y/y in June, with food deflation slowing to -0.2% and non-food price falling by 1.0%. The report noted that clothing prices in particular remained low as "businesses tried to prolong the recent pickup in consumer spend".

"Meanwhile, retailers' costs are continuing to mount due to global food price increases, Brexit red-tape, Covid related supply chain disruption, raw commodity shortages and increased shipping and petrol costs," Dickinson noted. The increased cost burden is likely to be passed on to consumers in the months ahead, "especially with additional Brexit checks this autumn," she added.

Source: BRC-Nielsen Shop Price Index

MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com
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MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com
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