Yes, inflation has slowed, but business is still paying the price – and so are you
by The Guardian
The Guardian— Retail inflation has lessened, but businesses are still swamped by huge price increases in materials and servicesConsumer prices ticked up again in March, rising to anywhere from 3.2% to 3.8% year-over-year, depending on the rate you’re tracking. Of course, that’s way down from what it was back in 2022. But don’t tell that to any of my clients – or people running businesses in just about every industry across the country. For them, prices are not only rising but are significantly –...
@cityam—Shop price inflation slows but political tensions 'pose a threat' to stability. The rate at which shop prices rise has slowed to its lowest level in close to three years but geopolitical tensions and the knock-on impact on commodity prices, like oil, pose a threat to future price stability.
The Guardian—Inflation in UK shops slows amid price cuts on clothes and shoes. Prices in non-food stores are lower in April than a year earlier as stores offload summer stockPrices in UK shops rose at their slowest rate since late 2021 in April as deep discounts by clothing and footwear retailers put the brakes on inflation, the latest snapshot of high street spending trends has shown.The monthly bulletin from the British Retail Consortium (BRC) – the lobby group for the industry – found that the battle by store owners to offload summer stock in cold and wet weather meant...
Sky News—Lowest shop price inflation since December 2021 as some prices actually fall - BRC says. Items bought in shops are becoming more expensive at the slowest pace in more than two years, according to latest industry figures which show that some prices are actually falling. It means that goods, such as clothes and food, are becoming more costly but far less than before, according to the shop price index from the trade organisation for UK retailers, the British Retail Consortium (BRC), and retail behaviour researchers NielsenIQ. Why have some prices fallen? The shop price index for April...