Retail & Wholesale

Price cuts mean Christmas has come early for shoppers

The British Retail Consortium has revealed that shop prices fell by a record 2.1% in November, compared to a year ago. It is the 31st consecutive month of decline. Non-food shop prices fell 3.3%, due to price cuts in clothing, footwear, electricals, DIY, gardening and hardware. Food prices were down 0.3%, following a 0.4% decline in October, with the drop attributed to double-digit declines in commodity prices for coffee, pork, soya bean and cattle feed in the past 12 months. November's figures did not include discounts made during the Black Friday event.


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