September 21, 2017

Latest:

Smart Garden’s new Flamboya brand sets the industry standard in garden décor -

Thursday, September 21, 2017

GCA Barometer of Trade – Seed and bulb sales soar in August -

Thursday, September 21, 2017

Bents reveal new look for gift department -

Wednesday, September 20, 2017

Fish4Dogs – Could you be a Fishionary? -

Wednesday, September 20, 2017

National Trust Wildlife products launched at GLEE 2017 -

Wednesday, September 20, 2017

Squire’s shortlisted for ‘Best Garden Centre’ by the Express -

Wednesday, September 20, 2017

SBM Life Science: Solabiol – In tune with nature -

Wednesday, September 20, 2017

Hozelock launch new Classic Hose Connector -

Tuesday, September 19, 2017

Stax grows garden offering through distribution deal with E.P. Barrus -

Tuesday, September 19, 2017

Nicholas Marshall joins HTA Garden Futures Conference 2017 line-up -

Tuesday, September 19, 2017

Darlac’s new collections hailed a success -

Tuesday, September 19, 2017

Notcutts group report increased annual sales and profits -

Tuesday, September 19, 2017

Good news for Zest 4 Leisure with new product launches and exciting developments set for 2018 -

Monday, September 18, 2017

Barrus celebrates its 100 year anniversary -

Monday, September 18, 2017

Russian trade visitors at GrootGroenPlus 2017 -

Monday, September 18, 2017

Shruti Designs brings fashion accessories to RHS licensing programme -

Sunday, September 17, 2017

News brands and new products from SBM Life Science -

Saturday, September 16, 2017

Stax and Paroh put pen to paper and agree national distribution deal -

Saturday, September 16, 2017

New president for the HTA -

Friday, September 15, 2017

GIMA Innovators’ Seed Corn Fund 2017 awarded to bio-bean -

Friday, September 15, 2017

BRC: Nielsen shop price index – Non-deflation falls to four year low

Nielsen
0 Flares Filament.io 0 Flares ×
  • Overall Shop Price deflation was 0.3 per cent in August, a slight deceleration from the 0.4 per cent fall in July. Except for June of this year, this is the shallowest deflation rate since November 2013.
  • The deflation rate for prices of Non-Food products was 1.3 per cent, the slowest rate of deflation since April 2013. Electronics posted the slowest rate of deflation on record (the SPI started in 2006).
  • Food prices increased by 1.3 per cent in August on the same month last year, a slight increase on July, when Food price inflation stood at 1.2 per cent.
  • This is the second month we have seen an easing in the inflation rate of Fresh Food. It slowed to 0.8 per cent in August from 1.0 per cent in July.
  • In contrast, the inflation rate of Ambient Food prices accelerated to 1.9 per cent in August from 1.6 per cent in July. This is the highest inflation rate for Ambient Food since December 2013.

Helen Dickinson OBE, chief executive, British Retail Consortium commented: “Non-Food deflation reached its lowest rate in more than four years in August as overall Shop Prices edged closer to inflation.

“The reality is that with protection from hedging policies coming to an end, Non-Food retailers are running out of options for protecting shoppers from the significant increases in the price of imported goods since the EU referendum in June last year. We expect Non-Food prices to continue trending towards year on year inflation.

“Food inflation also moved upward, driven by an acceleration of Ambient Food inflation, although the slowdown in Fresh Food inflation for a second month kept a lid on overall increases in the price of the weekly grocery shop. The seasonal availability of fruit and vegetables from UK suppliers is currently shielding shoppers from the impact of higher import prices. However, as Winter approaches and our dependence shifts to imported goods, that will change.

“While the dynamics of individual elements of the index play out in different ways from month to month, the fact is that the overall pressures on prices are still weighted upwards. That will put an increasing strain on already stretched family budgets. Therefore, it is imperative that the Government puts the UK’s households at the top of its agenda as it enters into negotiations on our future trading relationship with the EU. It should do all it can to avoid a situation where further tariffs and administrative costs lead to price increases on top of those already being faced by consumers.”

Mike Watkins, head of retailer and business insight, Nielsen said: “Food inflation continues to be kept in check by lower increases in fresh and seasonal  foods and as fresh is typically over 40% of the shopper spend in supermarkets, this is helping to offset the rising cost of living in household bills. Whilst consumer sentiment is on the turn and shoppers are becoming cautious about spending on big ticket items, prices are still very competitive on the high street and spend on food and drink has been strong over the summer, albeit disrupted by the changeable weather in August.”

Leave A Comment