6th August 2008
Shop price inflation has risen from 2.5% in June to 3.2% in July, according to the Nielsen Shop-Price Index.
Food prices rose 1.9% in the 12 months to July, with the cost of fresh food up 10.8%. Meanwhile, non-food prices fell by 0.8%.
Research by Nielsen has indicated that 55% of people are cutting down on their grocery spend as their energy and fuel bills increase.
"Falls in the prices of oil and some world food commodities, such as wheat and soya, provide hope," said Stephen Robertson, director-general of the British Retail Consortium (BRC). "But most retail costs remain sharply up on a year ago and are still rising."
"Our figures show that some non-food goods, including electrical and clothing, are cheaper than they were a year ago," he added. "Overall food prices are rising but retailers are keeping increases well below the extra supply and operating costs they face."
Shop prices continue climbing
Food prices rose 1.9% in the 12 months to July, with the cost of fresh food up 10.8%. Meanwhile, non-food prices fell by 0.8%.
Research by Nielsen has indicated that 55% of people are cutting down on their grocery spend as their energy and fuel bills increase.
"Falls in the prices of oil and some world food commodities, such as wheat and soya, provide hope," said Stephen Robertson, director-general of the British Retail Consortium (BRC). "But most retail costs remain sharply up on a year ago and are still rising."
"Our figures show that some non-food goods, including electrical and clothing, are cheaper than they were a year ago," he added. "Overall food prices are rising but retailers are keeping increases well below the extra supply and operating costs they face."
Tags: Retail & Shop
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