FOREX TradingCharts.com

Financial News: UK BRC Shop Prices Decline In January

UK BRC Shop Prices Decline In January

01/27/2021 - 01:23:00 (RTTNews)

(RTTNews) - UK shop prices declined further in January, data from the British Retail Consortium showed Wednesday.

Shop prices decreased 2.2 percent year-on-year in January, after a 1.8 percent drop in the previous month.

Amid post-Christmas sales and the national lockdown, non-food prices fell 3.6 percent annually. At the same time, food prices grew 0.2 percent, the slowest pace in four years.

"Brexit-related red tape, rising global shipping costs and food commodity prices, as well as the weight of forced closures and restrictions for many retail businesses, means that pricing pressures are stacking up for retailers," Helen Dickinson, chief executive at BRC, said.

"Looking ahead, we can expect some turbulence in shop prices as the industry navigates through the impact of the EU trade deal, the increasing pressure on disposable incomes, and the uncertainty of when non essential retail can fully reopen," Mike Watkins, Head of Retailer and Business Insight, Nielsen, said.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Saudi Arabia Non-Oil Private Sector Growth Slows In February (19 min(s), 20 sec(s) ago)
(RTTNews) - Saudi Arabia's non-oil private sector grew at a markedly softer pace in February, ...Full Story»

India Services Activity Increases In February (27 min(s), 20 sec(s) ago)
(RTTNews) - India's service sector activity expanded at a faster rate in February, survey resu ...Full Story»

China Services Sector Slows In February - Caixin (32 min(s), 40 sec(s) ago)
(RTTNews) - The services sector in China continued to expand in February, albeit at a slower pace, ...Full Story»

Australia GDP Expands 3.1% On Quarter In Q4 (12 min(s), 40 sec(s) ago)
(RTTNews) - Australia's gross domestic product gained a seasonally adjusted 3.1 percent on qua ...Full Story»

Japan Services PMI Improves To 46.3 In February - Jibun (47 min(s), 40 sec(s) ago)
(RTTNews) - The services sector in Japan continued to contract in February, albeit at a slower pac ...Full Story»

Hong Kong Private Sector Climbs Into Expansion - Markit (32 min(s), 40 sec(s) ago)
(RTTNews) - The private sector in Hong Kong moved into expansion territory in February, the latest ...Full Story»

Singapore Private Sector Accelerates In February - Markit (24 min(s), 40 sec(s) ago)
(RTTNews) - The private sector in Singapore continued to expand in February, and at a faster pace, ...Full Story»

Australia GDP Climbs 3.1% On Quarter In Q4 (20 min(s), 40 sec(s) ago)
(RTTNews) - Australia's gross domestic product expanded a seasonally adjusted 3.1 percent on q ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Saudi Arabia Non-Oil Private Sector Growth Slows In February

03/03/2021 - 02:58 AM (RTTNews)
(RTTNews) - Saudi Arabia's non-oil private sector grew at a markedly softer pace in February, ...Full Story>>

India Services Activity Increases In February

03/03/2021 - 02:50 AM (RTTNews)
(RTTNews) - India's service sector activity expanded at a faster rate in February, survey resu ...Full Story>>

China Services Sector Slows In February - Caixin

03/02/2021 - 20:50 PM (RTTNews)
(RTTNews) - The services sector in China continued to expand in February, albeit at a slower pace, ...Full Story>>

Australia GDP Expands 3.1% On Quarter In Q4

03/02/2021 - 20:30 PM (RTTNews)
(RTTNews) - Australia's gross domestic product gained a seasonally adjusted 3.1 percent on qua ...Full Story>>

Japan Services PMI Improves To 46.3 In February - Jibun

03/02/2021 - 20:05 PM (RTTNews)
(RTTNews) - The services sector in Japan continued to contract in February, albeit at a slower pac ...Full Story>>

Do not sell my personal information

Copyright © 2021. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.