old

SHOP prices fell at their shallowest rate in three and a half years in April according to the British Retail Consortium as inflationary pressures continued to build.

 

Its BRC-Nielsen Shop Price Index recorded a 0.5 percent fall in overall prices last month, narrowing 30 basis point on the 0.8 percent fall in March.


The retail lobby group said it was the shallowest fall in prices since November 2013, with chief executive Helen Dickinson saying "prices are undoubtedly on an upward trajectory, which we expect to gradually play out over the course of the year."


Food prices were 0.9 percent higher in the year to April with non-food goods down 1.4 percent year-over-year. Furniture and floorcoverings prices were down 0.7 percent, the BRC said.


Official inflation figures for April are due later this month.



TO READ THE FULL STORY: