British shop price inflation cooled in early April for the first time in six months as retailers ramped up discounts at the start of the month, an industry survey showed.
The British Retail Consortium (BRC) and market research group Nielsen said shop prices were 0.4 percent higher than a year ago in April, compared with 0.9 percent in March.
"There were more than double the number of product lines on discount this month compared to the previous, as retailers hope to recover ground after March's disappointing sales figures," BRC chief executive Helen Dickinson said.
Clothing and footwear saw the most widespread discounts, followed by home improvement goods and fresh food.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.