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 July at a faster pace than in the previous month, Helen Dickinson, OBE, Chief Executive at the BRC said Wednesday. The BRC-Nielsen shop price index fell 1.2% y/y in July, with food deflation slowing to -0.4% and non-food price falling by 1.8%. The report noted that "consumers broadened their spending to include more leisure and travel", which led clothing retailers to continue their summer sales.
However, low prices for consumers cannot continue forever. "Recently, retailers have faced huge cost pressures as a result of rising costs of shipping, haulage and petrol as well as frictions from exiting the EU. The additional paperwork and physical checks on EU imports in October and January may push prices up in the long-term, "especially with additional Brexit checks this autumn," Dickinson 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.