Bulletin

Fast falling prices boost shoppers

shoppers

Shoppers received a boost in February as the cost of goods fell for the 22nd consecutive month. The British Retail Consortium said non-food deflation accelerated to -2.5 per cent from -1.8 per cent in January, while food deflation was -0.4 per cent compared with -0.5 per cent. Overall shop price deflation rose to -1.7 per cent from -1.3 per cent in January. Bigger falls were reported in clothing and footwear, furniture and DIY stores, while fresh food edged down to its lowest level on record.

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

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