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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 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
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.